BW LPG Limited (NYSE:BWLP - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.01, but opened at $12.55. BW LPG shares last traded at $12.84, with a volume of 229,484 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Pareto Securities raised BW LPG from a "hold" rating to a "buy" rating in a report on Thursday, January 30th.
Get Our Latest Analysis on BW LPG
BW LPG Stock Performance
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 business has a fifty day simple moving average of $11.84 and a 200 day simple moving average of $13.41.
BW LPG (NYSE:BWLP - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $0.79 EPS for the quarter.
BW LPG Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 13.24%. The ex-dividend date of this dividend was Thursday, December 12th.
Institutional Trading of BW LPG
Several hedge funds have recently made changes to their positions in BWLP. Exchange Traded Concepts LLC bought a new stake in shares of BW LPG in the 3rd quarter worth approximately $312,000. Glenorchy Capital Ltd acquired a new stake in BW LPG in the 3rd quarter valued at approximately $712,000. U S Global Investors Inc. acquired a new stake in BW LPG in the 3rd quarter valued at approximately $337,000. Assenagon Asset Management S.A. acquired a new stake in BW LPG in the 3rd quarter valued at approximately $11,827,000. Finally, DekaBank Deutsche Girozentrale increased its position in BW LPG by 33.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company's stock valued at $740,000 after acquiring an additional 12,622 shares during the period.
BW LPG Company Profile
(
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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