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

HighTower Advisors LLC acquired a new stake in BW LPG Limited (NYSE:BWLP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,175 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC purchased a new stake in shares of BW LPG during the third quarter worth about $43,000. Centiva Capital LP purchased a new stake in BW LPG during the 3rd quarter worth approximately $183,000. Plato Investment Management Ltd acquired a new position in shares of BW LPG in the 3rd quarter valued at approximately $207,000. Optimum Investment Advisors boosted its stake 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 valued at $268,000 after buying an additional 16,100 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of BW LPG during the second quarter worth approximately $280,000.

BW LPG Price Performance

NYSE BWLP opened at $11.03 on Wednesday. BW LPG Limited has a one year low of $9.95 and a one year high of $22.31. The company has a 50-day simple moving average of $12.55 and a 200-day simple moving average of $14.86. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

BW LPG Cuts Dividend

The company 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. This represents a $1.68 annualized dividend and a yield of 15.23%. The ex-dividend date of this dividend is Thursday, December 12th.

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.