UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 12,675 Shares of BW LPG Limited (NYSE:BWLP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in BW LPG Limited (NYSE:BWLP) by 19.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,991 shares of the company’s stock after selling 12,675 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BW LPG were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new position in shares of BW LPG in the 3rd quarter worth approximately $43,000. Plato Investment Management Ltd bought a new stake in BW LPG during the third quarter valued at $207,000. Optimum Investment Advisors grew its holdings in BW LPG by 644.0% during the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock worth $268,000 after acquiring an additional 16,100 shares during the period. XTX Topco Ltd acquired a new position in shares of BW LPG in the 2nd quarter valued at about $280,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of BW LPG during the 3rd quarter valued at about $280,000.

BW LPG Stock Performance

NYSE BWLP opened at $10.10 on Friday. BW LPG Limited has a one year low of $10.09 and a one year high of $22.31. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $12.74 and a 200 day simple moving average of $15.10.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 16.63%.

BW LPG Company 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.