Virtu Financial LLC Purchases New Stake in BW LPG Limited (NYSE:BWLP)

Virtu Financial LLC acquired a new position in shares of BW LPG Limited (NYSE:BWLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,437 shares of the company’s stock, valued at approximately $380,000.

A number of other large investors have also recently made changes to their positions in the business. Amundi raised its holdings in shares of BW LPG by 22.4% in the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after acquiring an additional 404,323 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after purchasing an additional 660,269 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of BW LPG during the third quarter valued at approximately $5,653,000. Swiss National Bank grew its stake in shares of BW LPG by 0.6% in the 4th quarter. Swiss National Bank now owns 166,377 shares of the company’s stock worth $1,836,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in BW LPG in the 3rd quarter worth about $476,000.

Analysts Set New Price Targets

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

BW LPG Trading Down 1.9 %

Shares of BW LPG stock opened at $11.38 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a market capitalization of $1.50 billion and a P/E ratio of 4.28. BW LPG Limited has a 52-week low of $9.95 and a 52-week high of $22.31. The stock’s 50-day simple moving average is $11.96 and its 200 day simple moving average is $12.65.

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

BW LPG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.42 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.68 annualized dividend and a yield of 14.77%. BW LPG’s dividend payout ratio is currently 63.16%.

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.