Swiss National Bank Has $1.84 Million Position in BW LPG Limited (NYSE:BWLP)

Swiss National Bank grew its position in shares of BW LPG Limited (NYSE:BWLP) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,377 shares of the company’s stock after acquiring an additional 1,071 shares during the quarter. Swiss National Bank owned 0.13% of BW LPG worth $1,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in BW LPG during the fourth quarter worth $26,000. Amundi boosted its stake in BW LPG by 22.4% in the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after buying an additional 404,323 shares in the last quarter. Bank of New York Mellon Corp increased its position in BW LPG by 600.5% during the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after purchasing an additional 660,269 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of BW LPG in the 3rd quarter valued at $219,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of BW LPG by 30.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company’s stock valued at $321,000 after acquiring an additional 6,601 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

BW LPG Stock Up 1.8 %

Shares of NYSE BWLP opened at $11.22 on Friday. 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 Limited has a 1 year low of $9.95 and a 1 year high of $22.31. The firm has a market cap of $1.48 billion and a PE ratio of 4.22. The company has a 50 day simple moving average of $11.91 and a 200 day simple moving average of $12.61.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to analyst estimates of $183.00 million.

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 14.98%. The ex-dividend date was Monday, March 10th. BW LPG’s payout ratio is 63.16%.

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.