BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,080,000 shares, a decline of 21.7% from the March 15th total of 1,380,000 shares. Approximately 1.3% of the company's stock are short sold. Based on an average daily trading volume, of 499,000 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of BW LPG from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th.

Hedge Funds Weigh In On BW LPG

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in shares of BW LPG in the 4th quarter worth approximately $26,000. Avior Wealth Management LLC boosted its holdings in shares of BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after buying an additional 2,902 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of BW LPG by 101,928.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock valued at $81,000 after purchasing an additional 7,135 shares during the last quarter. SIH Partners LLLP acquired a new stake in shares of BW LPG during the 4th quarter worth approximately $114,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of BW LPG in the 4th quarter worth approximately $138,000.

BW LPG Stock Up 2.7 %

NYSE BWLP traded up $0.26 during mid-day trading on Thursday, reaching $9.77. 110,704 shares of the company's stock traded hands, compared to its average volume of 368,000. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. BW LPG has a 1-year low of $7.86 and a 1-year high of $22.31. The company has a fifty day simple moving average of $10.67 and a 200-day simple moving average of $11.90. The company has a market cap of $1.29 billion and a price-to-earnings ratio of 3.67.

BW LPG (NYSE:BWLP - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 17.20%. The ex-dividend date of this dividend was Monday, March 10th. BW LPG's payout ratio is currently 63.16%.

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.