BW LPG Limited (NYSE:BWLP - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.74 and last traded at $8.85, with a volume of 77924 shares traded. The stock had previously closed at $10.23.
Wall Street Analysts Forecast Growth
Separately, Pareto Securities raised BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.
View Our Latest Analysis on BWLP
BW LPG Trading Up 5.6 %
The firm has a market cap of $1.18 billion and a P/E ratio of 3.39. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The company's fifty day moving average price is $11.54 and its two-hundred day moving average price is $12.33.
BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.
BW LPG Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 18.72%. The ex-dividend date was Monday, March 10th. BW LPG's dividend payout ratio is currently 63.16%.
Institutional Trading of BW LPG
Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in BW LPG during the 4th quarter worth about $26,000. Amundi grew its stake in shares of BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company's stock valued at $25,152,000 after purchasing an additional 404,323 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of BW LPG by 23.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 355,382 shares of the company's stock valued at $3,912,000 after purchasing an additional 68,563 shares in the last quarter. Virtu Financial LLC bought a new position in BW LPG in the 4th quarter worth approximately $380,000. Finally, Bank of New York Mellon Corp lifted its holdings in BW LPG by 600.5% during the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company's stock worth $8,750,000 after buying an additional 660,269 shares in the last quarter.
About BW LPG
(
Get Free Report)
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.
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