BW LPG Limited (NYSE:BWLP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in shares of BW LPG Limited (NYSE:BWLP) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427,476 shares of the company’s stock after selling 611,454 shares during the period. JPMorgan Chase & Co. owned approximately 1.08% of BW LPG worth $20,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Avior Wealth Management LLC acquired a new position in shares of BW LPG during the third quarter valued at about $43,000. Centiva Capital LP acquired a new position in BW LPG during the 3rd quarter valued at approximately $183,000. Plato Investment Management Ltd purchased a new position in shares of BW LPG in the third quarter worth $207,000. XTX Topco Ltd acquired a new stake in shares of BW LPG during the second quarter worth $280,000. Finally, HighTower Advisors LLC purchased a new stake in shares of BW LPG during the third quarter valued at $219,000.

BW LPG Stock Up 0.5 %

NYSE BWLP opened at $11.39 on Thursday. The stock’s fifty day moving average price is $11.96 and its 200 day moving average price is $14.32. BW LPG Limited has a 1 year low of $9.95 and a 1 year high of $22.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.75%. The ex-dividend date was Thursday, December 12th.

BW LPG 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.