Shares of BW LPG Limited (NYSE:BWLP - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $13.19, but opened at $13.50. BW LPG shares last traded at $13.53, with a volume of 34,877 shares trading hands.
BW LPG Stock Performance
The stock's 50-day moving average price is $14.04 and its 200 day moving average price is $15.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45.
BW LPG (NYSE:BWLP - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $876.49 million for the quarter.
BW LPG Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 17.16%. The ex-dividend date was Tuesday, September 10th.
Hedge Funds Weigh In On BW LPG
Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in BW LPG in the second quarter worth about $56,598,000. Assenagon Asset Management S.A. acquired a new position in shares of BW LPG in the 3rd quarter worth approximately $11,827,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of BW LPG during the 2nd quarter worth approximately $12,196,000. The Manufacturers Life Insurance Company acquired a new stake in BW LPG in the 3rd quarter valued at $5,653,000. Finally, Bank of New York Mellon Corp acquired a new stake in BW LPG in the 2nd quarter valued at $2,365,000.
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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