Zurcher Kantonalbank Zurich Cantonalbank Takes Position in BW LPG Limited (NYSE:BWLP)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in BW LPG Limited (NYSE:BWLP) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 31,105 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BWLP. Acadian Asset Management LLC bought a new position in shares of BW LPG in the second quarter worth about $56,598,000. Assenagon Asset Management S.A. purchased a new stake in shares of BW LPG during the third quarter worth about $11,827,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in BW LPG during the 2nd quarter valued at approximately $12,196,000. The Manufacturers Life Insurance Company bought a new stake in BW LPG in the 3rd quarter valued at $5,653,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of BW LPG during the second quarter valued at about $2,365,000.

BW LPG Price Performance

NYSE:BWLP opened at $11.39 on Friday. The business’s 50-day moving average is $13.56 and its 200 day moving average is $15.58. BW LPG Limited has a 12 month low of $10.32 and a 12 month high of $22.31. The company has a current ratio of 1.34, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 14.75%.

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.