411,660 Shares in BW LPG Limited $BWLP Bought by Fearnley Asset Management AS

Fearnley Asset Management AS purchased a new stake in BW LPG Limited (NYSE:BWLP) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 411,660 shares of the company’s stock, valued at approximately $5,388,000. BW LPG comprises approximately 2.5% of Fearnley Asset Management AS’s holdings, making the stock its 15th largest holding.

A number of other large investors have also recently added to or reduced their stakes in BWLP. Ameriprise Financial Inc. lifted its position in shares of BW LPG by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock worth $26,704,000 after purchasing an additional 579,987 shares during the last quarter. Millennium Management LLC bought a new stake in BW LPG in the fourth quarter valued at about $5,027,000. Skandinaviska Enskilda Banken AB publ increased its holdings in BW LPG by 115,776.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after buying an additional 203,766 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in BW LPG by 41.4% during the second quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock valued at $6,613,000 after buying an additional 164,057 shares in the last quarter. Finally, Barclays PLC raised its stake in BW LPG by 644.2% during the third quarter. Barclays PLC now owns 189,231 shares of the company’s stock valued at $2,702,000 after buying an additional 163,803 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on BWLP shares. Pareto Securities downgraded BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of BW LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

BW LPG Price Performance

BWLP opened at $18.11 on Friday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 7.61 and a beta of 1.08. BW LPG Limited has a fifty-two week low of $11.58 and a fifty-two week high of $22.92. The company’s 50-day moving average price is $19.95 and its 200 day moving average price is $16.77. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

BW LPG (NYSE:BWLP) last issued its earnings results on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%. The firm had revenue of $838.89 million for the quarter.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th will be given a dividend of $6.196 per share. This represents a $24.78 dividend on an annualized basis and a dividend yield of 136.9%. The ex-dividend date is Friday, June 12th. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s payout ratio is currently 112.61%.

About BW LPG

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.