BW LPG Limited (NYSE:BWLP - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $11.39, but opened at $11.95. BW LPG shares last traded at $11.99, with a volume of 213,117 shares changing hands.
BW LPG Stock Up 7.4 %
The company has a fifty day moving average of $11.92 and a 200-day moving average of $14.25. 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 Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 13.74%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in shares of BW LPG during the 3rd quarter worth approximately $43,000. Centiva Capital LP purchased a new stake in shares of BW LPG during the third quarter valued at approximately $183,000. Plato Investment Management Ltd bought a new stake in BW LPG during the third quarter worth $207,000. XTX Topco Ltd purchased a new position in BW LPG in the second quarter worth $280,000. Finally, HighTower Advisors LLC bought a new position in BW LPG in the 3rd quarter valued at $219,000.
BW LPG Company Profile
(
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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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