JPMorgan Chase & Co. Lowers Holdings in BW LPG Limited (NYSE:BWLP)

JPMorgan Chase & Co. lessened its stake in BW LPG Limited (NYSE:BWLP) by 30.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,427,476 shares of the company’s stock after selling 611,454 shares during the quarter. JPMorgan Chase & Co.’s holdings in BW LPG were worth $20,556,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in BW LPG in the 3rd quarter worth approximately $476,000. XTX Topco Ltd grew its position in BW LPG by 75.1% during the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock valued at $370,000 after buying an additional 11,013 shares during the period. Jane Street Group LLC acquired a new position in shares of BW LPG in the third quarter worth about $305,000. HighTower Advisors LLC purchased a new stake in shares of BW LPG during the 3rd quarter worth about $219,000. Finally, Centiva Capital LP acquired a new stake in shares of BW LPG during the 3rd quarter valued at about $183,000.

BW LPG Stock Performance

NYSE BWLP opened at $11.39 on Thursday. The stock has a 50-day moving average of $11.96 and a 200 day moving average of $14.32. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. BW LPG Limited has a twelve month low of $9.95 and a twelve month high of $22.31.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 14.75%. The ex-dividend date of this dividend was Thursday, December 12th.

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.