Assenagon Asset Management S.A. bought a new position in shares of BW LPG Limited (NYSE:BWLP – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 827,738 shares of the company’s stock, valued at approximately $11,827,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in shares of BW LPG during the 2nd quarter worth $56,598,000. Skandinaviska Enskilda Banken AB publ bought a new stake in BW LPG during the second quarter valued at about $12,196,000. Bank of New York Mellon Corp acquired a new stake in shares of BW LPG in the second quarter valued at about $2,365,000. Jupiter Asset Management Ltd. bought a new position in shares of BW LPG in the second quarter worth about $2,050,000. Finally, Glenorchy Capital Ltd acquired a new position in shares of BW LPG during the 3rd quarter worth about $712,000.
BW LPG Stock Performance
Shares of NYSE:BWLP opened at $13.55 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $14.85. BW LPG Limited has a twelve month low of $10.32 and a twelve month high of $22.31.
BW LPG Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 17.12%. The ex-dividend date was Tuesday, September 10th.
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.
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