Fearnley Asset Management AS Takes Position in BW LPG Limited $BWLP

Fearnley Asset Management AS purchased a new position in shares of BW LPG Limited (NYSE:BWLP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 411,660 shares of the company’s stock, valued at approximately $5,388,000. BW LPG accounts for about 2.5% of Fearnley Asset Management AS’s investment portfolio, making the stock its 15th largest position. Fearnley Asset Management AS owned approximately 0.27% of BW LPG at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in BW LPG in the third quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new stake in BW LPG during the fourth quarter worth approximately $43,000. Raymond James Financial Inc. acquired a new stake in shares of BW LPG in the second quarter worth $47,000. BNP Paribas Financial Markets acquired a new stake in shares of BW LPG in the third quarter worth $62,000. Finally, Optiver Holding B.V. raised its stake in shares of BW LPG by 99.3% in the 3rd quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after acquiring an additional 2,263 shares during the period.

Analyst Ratings Changes

Several research firms recently weighed in on BWLP. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

BW LPG Trading Up 0.0%

BWLP opened at $18.11 on Friday. The firm has a market capitalization of $2.74 billion, a P/E ratio of 7.61 and a beta of 1.08. The firm’s 50 day moving average is $19.95 and its 200-day moving average is $16.77. BW LPG Limited has a 52-week low of $11.58 and a 52-week high of $22.92. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

BW LPG (NYSE:BWLP) last announced its earnings results on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. The business had revenue of $838.89 million during the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.

BW LPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be issued a $6.196 dividend. The ex-dividend date is Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a yield of 136.9%. This is an increase from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s dividend payout ratio (DPR) is presently 112.61%.

BW LPG Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.