The Manufacturers Life Insurance Company Buys Shares of 394,580 BW LPG Limited (NYSE:BWLP)

The Manufacturers Life Insurance Company purchased a new position in BW LPG Limited (NYSE:BWLP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 394,580 shares of the company’s stock, valued at approximately $5,653,000. The Manufacturers Life Insurance Company owned about 0.30% of BW LPG as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BWLP. Glenorchy Capital Ltd acquired a new stake in shares of BW LPG in the 3rd quarter valued at approximately $712,000. Acadian Asset Management LLC acquired a new stake in BW LPG in the second quarter worth $56,598,000. DekaBank Deutsche Girozentrale bought a new position in shares of BW LPG during the second quarter worth $698,000. Assenagon Asset Management S.A. acquired a new position in shares of BW LPG in the 3rd quarter valued at $11,827,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of BW LPG in the 2nd quarter valued at $12,196,000.

BW LPG Stock Down 0.7 %

Shares of BW LPG stock opened at $11.73 on Friday. BW LPG Limited has a 1 year low of $10.32 and a 1 year high of $22.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.34. The business has a 50-day moving average of $13.67 and a two-hundred day moving average of $15.65.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 12th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.32%.

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.