Barclays PLC Sells 419,689 Shares of BW LPG Limited (NYSE:BWLP)

Barclays PLC lessened its holdings in shares of BW LPG Limited (NYSE:BWLP) by 22.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,459,168 shares of the company’s stock after selling 419,689 shares during the quarter. Barclays PLC’s holdings in BW LPG were worth $21,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of BW LPG during the 2nd quarter worth about $2,365,000. Allspring Global Investments Holdings LLC bought a new position in shares of BW LPG during the second quarter worth approximately $594,000. Acadian Asset Management LLC acquired a new stake in BW LPG during the 2nd quarter worth approximately $56,598,000. Jupiter Asset Management Ltd. bought a new stake in BW LPG in the 2nd quarter valued at $2,050,000. Finally, DekaBank Deutsche Girozentrale bought a new position in BW LPG during the 2nd quarter worth $698,000.

BW LPG Stock Performance

Shares of BW LPG stock opened at $10.89 on Friday. BW LPG Limited has a 52-week low of $10.32 and a 52-week high of $22.31. The firm has a 50-day moving average of $13.16 and a 200-day moving average of $15.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 15.43%.

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.