DekaBank Deutsche Girozentrale Makes New $698,000 Investment in BW LPG Limited (NYSE:BWLP)

DekaBank Deutsche Girozentrale purchased a new position in BW LPG Limited (NYSE:BWLP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,390 shares of the company’s stock, valued at approximately $698,000.

A number of other hedge funds also recently modified their holdings of BWLP. Allspring Global Investments Holdings LLC bought a new stake in BW LPG in the 2nd quarter valued at $594,000. Jupiter Asset Management Ltd. bought a new position in BW LPG during the 2nd quarter worth about $2,050,000. Bank of New York Mellon Corp acquired a new stake in shares of BW LPG in the 2nd quarter valued at about $2,365,000. Finally, Acadian Asset Management LLC bought a new stake in shares of BW LPG in the second quarter valued at about $56,598,000.

BW LPG Trading Down 1.0 %

NYSE:BWLP opened at $14.54 on Friday. The stock’s 50-day moving average price is $15.49. BW LPG Limited has a 52-week low of $10.32 and a 52-week high of $22.31. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

BW LPG (NYSE:BWLP) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The firm had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.32 annualized dividend and a yield of 15.96%.

About BW LPG

BW LPG Limited is an owner and operator of LPG vessels. The company operates through Shipping and Product Services segments. BW LPG Limited is based in Singapore.