PDT Partners LLC Makes New Investment in BW LPG Limited $BWLP

PDT Partners LLC acquired a new position in shares of BW LPG Limited (NYSE:BWLP) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 84,133 shares of the company’s stock, valued at approximately $1,467,000. PDT Partners LLC owned 0.06% of BW LPG as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in BW LPG by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock valued at $26,704,000 after acquiring an additional 579,987 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in BW LPG in the first quarter valued at about $9,646,000. Fearnley Asset Management AS bought a new stake in BW LPG during the fourth quarter worth about $5,388,000. Millennium Management LLC bought a new stake in BW LPG during the fourth quarter worth about $5,027,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in BW LPG during the second quarter worth about $6,073,000.

BW LPG Stock Down 5.2%

Shares of NYSE:BWLP opened at $23.51 on Thursday. The firm has a market cap of $3.56 billion, a P/E ratio of 9.88 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36. BW LPG Limited has a 12-month low of $11.72 and a 12-month high of $25.48. The business has a fifty day simple moving average of $20.82 and a 200 day simple moving average of $19.31.

BW LPG (NYSE:BWLP) last released its quarterly earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. The firm had revenue of $838.89 million for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

BW LPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $6.196 dividend. The ex-dividend date was Friday, June 12th. This is a boost from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 annualized dividend and a yield of 105.4%. BW LPG’s dividend payout ratio (DPR) is currently 112.61%.

Analysts Set New Price Targets

Several analysts recently weighed in on BWLP shares. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About BW LPG

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.