Zurcher Kantonalbank Zurich Cantonalbank Purchases New Shares in BW LPG Limited (NYSE:BWLP)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BW LPG Limited (NYSE:BWLP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,105 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BWLP. Avior Wealth Management LLC bought a new stake in shares of BW LPG in the 3rd quarter worth about $43,000. DekaBank Deutsche Girozentrale lifted its stake in BW LPG by 33.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock worth $740,000 after purchasing an additional 12,622 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of BW LPG during the third quarter valued at approximately $207,000. XTX Topco Ltd bought a new position in shares of BW LPG during the second quarter valued at approximately $280,000. Finally, Optimum Investment Advisors raised its holdings in shares of BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock worth $268,000 after buying an additional 16,100 shares during the period.

BW LPG Trading Down 2.9 %

BWLP opened at $11.39 on Friday. The business has a fifty day moving average of $13.56 and a 200 day moving average of $15.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.34. BW LPG Limited has a 52-week low of $10.32 and a 52-week high of $22.31.

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.75%. The ex-dividend date of this dividend is Thursday, December 12th.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.