Skandinaviska Enskilda Banken AB publ purchased a new position in BW LPG Limited (NYSE:BWLP – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 639,212 shares of the company’s stock, valued at approximately $12,196,000.
Other large investors have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in BW LPG in the 2nd quarter valued at $280,000. DekaBank Deutsche Girozentrale purchased a new position in shares of BW LPG in the second quarter worth about $698,000. Jupiter Asset Management Ltd. acquired a new position in BW LPG during the second quarter worth about $2,050,000. Acadian Asset Management LLC purchased a new stake in BW LPG during the 2nd quarter valued at about $56,598,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in BW LPG in the 2nd quarter valued at about $594,000.
BW LPG Price Performance
BWLP opened at $14.03 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63. The business has a 50 day simple moving average of $15.40. BW LPG Limited has a 1-year low of $10.32 and a 1-year high of $22.31.
BW LPG Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.32 annualized dividend and a dividend yield of 16.54%.
About BW LPG
BW LPG Limited is an owner and operator of LPG vessels. The company operates through Shipping and Product Services segments. BW LPG Limited is based in Singapore.
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