UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $763,000 Stake in BW LPG Limited (NYSE:BWLP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in BW LPG Limited (NYSE:BWLP) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,991 shares of the company’s stock after selling 12,675 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BW LPG were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC bought a new position in shares of BW LPG in the third quarter worth about $43,000. Plato Investment Management Ltd bought a new position in BW LPG in the 3rd quarter valued at approximately $207,000. Optimum Investment Advisors boosted its position in BW LPG by 644.0% in the third 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 in the last quarter. XTX Topco Ltd bought a new stake in shares of BW LPG during the second quarter worth $280,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of BW LPG during the third quarter worth $280,000.

BW LPG Stock Down 1.0 %

Shares of BWLP opened at $10.10 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. BW LPG Limited has a 52 week low of $10.09 and a 52 week high of $22.31. The stock has a fifty day moving average of $12.74 and a 200-day moving average of $15.10.

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. The ex-dividend date is Thursday, December 12th. This represents a $1.68 annualized dividend and a yield of 16.63%.

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.