The Manufacturers Life Insurance Company Takes $6.07 Million Position in BW LPG Limited $BWLP

The Manufacturers Life Insurance Company bought a new position in BW LPG Limited (NYSE:BWLP) during the second quarter, Holdings Channel reports. The fund bought 349,601 shares of the company’s stock, valued at approximately $6,073,000.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock worth $255,000 after acquiring an additional 22,922 shares in the last quarter. Jane Street Group LLC increased its stake in shares of BW LPG by 14.0% during the first quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock valued at $558,000 after purchasing an additional 6,331 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of BW LPG by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock valued at $100,000 after purchasing an additional 1,749 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of BW LPG during the second quarter valued at approximately $98,000. Finally, StoneX Group Inc. purchased a new position in shares of BW LPG during the second quarter valued at approximately $190,000.

BW LPG Trading Up 1.2%

Shares of NYSE BWLP opened at $24.22 on Tuesday. The firm’s 50 day moving average price is $21.17 and its 200-day moving average price is $19.47. The company has a market cap of $3.67 billion, a PE ratio of 8.24 and a beta of 0.98. BW LPG Limited has a 52-week low of $11.72 and a 52-week high of $25.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Friday, August 28th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.38). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $318.01 million. BW LPG had a net margin of 12.64% and a return on equity of 22.75%.

BW LPG Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $8.8914 per share. The ex-dividend date is Tuesday, September 8th. This represents a $35.57 annualized dividend and a yield of 146.8%. This is a positive change from BW LPG’s previous quarterly dividend of $6.20. BW LPG’s dividend payout ratio (DPR) is 91.16%.

Analyst Upgrades and Downgrades

BWLP has been the topic of several recent research reports. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About BW LPG

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.