BNP Paribas Financial Markets Makes New Investment in BW LPG Limited (NYSE:BWLP)

BNP Paribas Financial Markets purchased a new stake in BW LPG Limited (NYSE:BWLP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,442 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC acquired a new position in BW LPG during the third quarter worth approximately $43,000. Plato Investment Management Ltd acquired a new stake in shares of BW LPG during the 3rd quarter worth $207,000. Optimum Investment Advisors increased its holdings in shares of BW LPG by 644.0% during the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock worth $268,000 after buying an additional 16,100 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of BW LPG in the 2nd quarter worth $280,000. Finally, Exchange Traded Concepts LLC acquired a new position in BW LPG in the third quarter valued at $312,000.

BW LPG Price Performance

Shares of NYSE:BWLP opened at $10.89 on Monday. The business has a 50-day moving average of $13.16 and a two-hundred day moving average of $15.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. BW LPG Limited has a 12 month low of $10.32 and a 12 month high of $22.31.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 12th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 15.43%. The ex-dividend date of this dividend is Thursday, December 12th.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.