Skandinaviska Enskilda Banken AB publ Invests $12.20 Million in BW LPG Limited (NYSE:BWLP)

Skandinaviska Enskilda Banken AB publ bought a new position in shares of BW LPG Limited (NYSE:BWLP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 639,212 shares of the company’s stock, valued at approximately $12,196,000. Skandinaviska Enskilda Banken AB publ owned about 0.49% of BW LPG at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWLP. XTX Topco Ltd acquired a new position in BW LPG in the second quarter valued at approximately $280,000. DekaBank Deutsche Girozentrale acquired a new position in shares of BW LPG in the 2nd quarter valued at $698,000. Jupiter Asset Management Ltd. purchased a new stake in BW LPG during the second quarter worth $2,050,000. Acadian Asset Management LLC acquired a new stake in BW LPG during the second quarter valued at $56,598,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in BW LPG in the second quarter valued at $594,000.

BW LPG Trading Down 3.4 %

Shares of BW LPG stock opened at $14.03 on Friday. BW LPG Limited has a fifty-two week low of $10.32 and a fifty-two week high of $22.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45. The stock has a 50-day moving average price of $15.40.

BW LPG (NYSE:BWLP) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The business had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.58 per share. The ex-dividend date is Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 16.54%.

BW LPG Company Profile

BW LPG Limited is an owner and operator of LPG vessels. The company operates through Shipping and Product Services segments. BW LPG Limited is based in Singapore.