Optimum Investment Advisors Sells 6,500 Shares of BW LPG Limited (NYSE:BWLP)

Optimum Investment Advisors reduced its stake in BW LPG Limited (NYSE:BWLP) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,100 shares of the company’s stock after selling 6,500 shares during the period. Optimum Investment Advisors’ holdings in BW LPG were worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in BW LPG during the fourth quarter valued at about $26,000. Amundi raised its position in BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after purchasing an additional 404,323 shares in the last quarter. Bank of New York Mellon Corp raised its position in BW LPG by 600.5% during the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after purchasing an additional 660,269 shares in the last quarter. HighTower Advisors LLC purchased a new stake in BW LPG during the third quarter valued at about $219,000. Finally, Exchange Traded Concepts LLC raised its position in BW LPG by 30.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company’s stock valued at $321,000 after purchasing an additional 6,601 shares in the last quarter.

BW LPG Stock Down 2.2 %

BWLP opened at $11.49 on Monday. The company has a market cap of $1.51 billion and a P/E ratio of 4.32. The business’s 50-day moving average price is $12.04 and its 200-day moving average price is $12.70. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. BW LPG Limited has a 12 month low of $9.95 and a 12 month high of $22.31.

BW LPG (NYSE:BWLP) last posted its earnings results 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 business had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.63%. BW LPG’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

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

BW LPG 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.