Persistent Asset Partners Ltd Takes Position in BW LPG Limited $BWLP

Persistent Asset Partners Ltd bought a new position in shares of BW LPG Limited (NYSE:BWLP) in the fourth quarter, Holdings Channel reports. The institutional investor bought 43,398 shares of the company’s stock, valued at approximately $568,000.

Several other hedge funds have also recently modified their holdings of BWLP. Vanguard Group Inc. lifted its position in shares of BW LPG by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after acquiring an additional 35,066 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of BW LPG by 506.7% during the third quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock worth $731,000 after purchasing an additional 42,736 shares in the last quarter. UBS Group AG increased its position in shares of BW LPG by 14.9% during the fourth quarter. UBS Group AG now owns 299,497 shares of the company’s stock worth $3,923,000 after purchasing an additional 38,850 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BW LPG in the 2nd quarter valued at $47,000. Finally, Global Retirement Partners LLC purchased a new position in BW LPG in the 4th quarter valued at $43,000.

Analyst Upgrades and Downgrades

BWLP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd. Wall Street Zen cut shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Pareto Securities downgraded shares of BW LPG to a “hold” rating in a research note on Tuesday. Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BW LPG has a consensus rating of “Hold”.

BW LPG Stock Performance

NYSE:BWLP opened at $19.24 on Wednesday. The company’s 50-day moving average price is $19.90 and its 200-day moving average price is $16.68. The company has a market cap of $2.91 billion, a P/E ratio of 8.08 and a beta of 1.08. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. BW LPG Limited has a twelve month low of $11.58 and a twelve month high of $22.92.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. The company 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be paid a dividend of $6.196 per share. This represents a $24.78 dividend on an annualized basis and a yield of 128.8%. This is an increase from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, June 12th. BW LPG’s dividend payout ratio is presently 112.61%.

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.