Skandinaviska Enskilda Banken AB publ Has $61,000 Position in BW LPG Limited (NYSE:BWLP)

Skandinaviska Enskilda Banken AB publ lowered its holdings in shares of BW LPG Limited (NYSE:BWLP) by 97.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,487 shares of the company’s stock after selling 193,825 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in BW LPG were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swiss National Bank raised its holdings in shares of BW LPG by 0.6% during the 4th quarter. Swiss National Bank now owns 166,377 shares of the company’s stock valued at $1,836,000 after purchasing an additional 1,071 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in BW LPG in the 4th quarter worth $26,000. Avior Wealth Management LLC raised its holdings in BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock worth $67,000 after acquiring an additional 2,902 shares during the period. Exchange Traded Concepts LLC raised its holdings in BW LPG by 30.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company’s stock worth $321,000 after acquiring an additional 6,601 shares during the period. Finally, XTX Topco Ltd increased its holdings in shares of BW LPG by 75.1% during the 3rd quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after purchasing an additional 11,013 shares during the period.

BW LPG Stock Performance

NYSE:BWLP opened at $11.36 on Wednesday. The firm’s 50-day moving average is $12.04 and its 200-day moving average is $12.77. BW LPG Limited has a 52-week low of $9.95 and a 52-week high of $22.31. 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 company has a market cap of $1.50 billion and a price-to-earnings ratio of 4.27.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data 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 the consensus estimate of $183.00 million.

BW LPG Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, March 10th. This represents a $1.68 annualized dividend and a dividend yield of 14.80%. BW LPG’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Upgrades and Downgrades

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

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.