U S Global Investors Inc. Has $880,000 Stock Position in BW LPG Limited $BWLP

U S Global Investors Inc. raised its stake in shares of BW LPG Limited (NYSE:BWLP) by 191.6% in the first quarter, Holdings Channel.com reports. The firm owned 49,708 shares of the company’s stock after buying an additional 32,659 shares during the period. U S Global Investors Inc.’s holdings in BW LPG were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWLP. Ameriprise Financial Inc. boosted its position in shares of BW LPG by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock valued at $26,704,000 after buying an additional 579,987 shares during the last quarter. Fearnley Asset Management AS purchased a new stake in BW LPG in the 4th quarter valued at $5,388,000. Millennium Management LLC bought a new position in BW LPG during the 4th quarter valued at $5,027,000. Skandinaviska Enskilda Banken AB publ lifted its stake in BW LPG by 115,776.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after acquiring an additional 203,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in BW LPG by 41.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after acquiring an additional 164,057 shares during the last quarter.

Wall Street Analyst Weigh In

BWLP has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd. Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of BW LPG from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BW LPG has a consensus rating of “Hold”.

BW LPG Stock Performance

BWLP stock traded up $0.65 during midday trading on Friday, hitting $19.71. The company’s stock had a trading volume of 367,410 shares, compared to its average volume of 406,125. BW LPG Limited has a 1 year low of $11.72 and a 1 year high of $22.92. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 8.28 and a beta of 1.29. The stock’s 50-day moving average price is $19.98 and its 200 day moving average price is $17.42. 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 released its earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. The company had revenue of $838.89 million for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were given a $6.196 dividend. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 annualized dividend and a yield of 125.8%. The ex-dividend date of this dividend was Friday, June 12th. BW LPG’s payout ratio is presently 112.61%.

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.