Plato Investment Management Ltd Makes New $708,000 Investment in BW LPG Limited $BWLP

Plato Investment Management Ltd bought a new stake in BW LPG Limited (NYSE:BWLP) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 40,838 shares of the company’s stock, valued at approximately $708,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of BW LPG during the third quarter worth approximately $36,000. Global Retirement Partners LLC bought a new position in BW LPG during the 4th quarter valued at $43,000. Raymond James Financial Inc. acquired a new position in BW LPG during the 2nd quarter worth $47,000. BNP Paribas Financial Markets acquired a new position in BW LPG during the 3rd quarter worth $62,000. Finally, Blue Trust Inc. bought a new stake in shares of BW LPG in the 1st quarter worth about $65,000.

BW LPG Trading Up 0.0%

Shares of NYSE:BWLP opened at $23.10 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $20.40 and its 200 day moving average price is $18.96. The company has a market cap of $3.50 billion, a PE ratio of 9.71 and a beta of 0.98. BW LPG Limited has a fifty-two week low of $11.72 and a fifty-two week high of $23.33.

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

BW LPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $6.196 dividend. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a yield of 107.3%. BW LPG’s dividend payout ratio is currently 112.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BWLP shares. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings upgraded BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 15th. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Pareto Securities downgraded BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, BW LPG presently has a consensus rating of “Moderate Buy”.

BW LPG Company 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.