Glenorchy Capital Ltd Acquires New Position in BW LPG Limited (NYSE:BWLP)

Glenorchy Capital Ltd bought a new position in shares of BW LPG Limited (NYSE:BWLP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,892 shares of the company’s stock, valued at approximately $712,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of BW LPG during the second quarter worth approximately $56,598,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of BW LPG in the 2nd quarter valued at approximately $698,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of BW LPG in the 2nd quarter valued at $12,196,000. Bank of New York Mellon Corp purchased a new stake in shares of BW LPG during the 2nd quarter worth $2,365,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of BW LPG during the second quarter worth $2,050,000.

BW LPG Price Performance

NYSE:BWLP opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63. The company has a fifty day simple moving average of $15.07. BW LPG Limited has a 12 month low of $10.32 and a 12 month high of $22.31.

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

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.58 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a yield of 16.34%.

About BW LPG

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.