HighTower Advisors LLC Takes $219,000 Position in BW LPG Limited (NYSE:BWLP)

HighTower Advisors LLC acquired a new position in shares of BW LPG Limited (NYSE:BWLP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,175 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds have also modified their holdings of BWLP. Glenorchy Capital Ltd purchased a new position in BW LPG during the 3rd quarter worth approximately $712,000. Acadian Asset Management LLC acquired a new stake in shares of BW LPG in the second quarter worth $56,598,000. DekaBank Deutsche Girozentrale purchased a new position in shares of BW LPG during the second quarter valued at $698,000. Assenagon Asset Management S.A. acquired a new position in BW LPG during the third quarter valued at $11,827,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in BW LPG during the second quarter valued at $12,196,000.

BW LPG Stock Performance

NYSE:BWLP opened at $11.03 on Wednesday. BW LPG Limited has a fifty-two week low of $9.95 and a fifty-two week high of $22.31. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average is $12.55 and its two-hundred day moving average is $14.86.

BW LPG Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 12th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 15.23%.

About BW LPG

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.