Legal & General Group Plc Makes New Investment in BW LPG Limited $BWLP

Legal & General Group Plc bought a new stake in shares of BW LPG Limited (NYSE:BWLP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 126,835 shares of the company’s stock, valued at approximately $2,211,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in BW LPG during the 1st quarter worth $9,646,000. The Manufacturers Life Insurance Company purchased a new position in shares of BW LPG in the second quarter worth about $6,073,000. Public Employees Retirement System of Ohio lifted its stake in shares of BW LPG by 133.9% in the first quarter. Public Employees Retirement System of Ohio now owns 98,433 shares of the company’s stock worth $1,729,000 after buying an additional 56,347 shares in the last quarter. Vanguard Group Inc. boosted its position in BW LPG by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after acquiring an additional 35,066 shares during the last quarter. Finally, U S Global Investors Inc. boosted its position in BW LPG by 191.6% during the first quarter. U S Global Investors Inc. now owns 49,708 shares of the company’s stock worth $880,000 after acquiring an additional 32,659 shares during the last quarter.

BW LPG Stock Performance

Shares of BWLP stock opened at $24.77 on Friday. The company has a market cap of $3.75 billion, a P/E ratio of 8.43 and a beta of 0.99. The firm has a fifty day moving average price of $21.67 and a 200 day moving average price of $19.67. The company has a current ratio of 1.44, a quick ratio of 1.29 and a debt-to-equity ratio of 0.32. BW LPG Limited has a 12 month low of $11.72 and a 12 month high of $25.48.

BW LPG (NYSE:BWLP) last posted its quarterly earnings results on Saturday, August 29th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $318.01 million. BW LPG had a net margin of 12.64% and a return on equity of 22.48%.

BW LPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 8th will be issued a $8.8914 dividend. This represents a $35.57 dividend on an annualized basis and a dividend yield of 143.6%. The ex-dividend date is Tuesday, September 8th. This is an increase from BW LPG’s previous quarterly dividend of $6.20. BW LPG’s dividend payout ratio (DPR) is currently 129.25%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Wall Street Zen lowered BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.