Shares of BW LPG Limited (NYSE:BWLP - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $11.94, but opened at $12.51. BW LPG shares last traded at $12.69, with a volume of 122,839 shares trading hands.
Wall Street Analyst Weigh In
Separately, Pareto Securities upgraded shares of BW LPG from a "hold" rating to a "buy" rating in a research report on Thursday.
Get Our Latest Stock Report on BW LPG
BW LPG Trading Down 1.0 %
The business's 50 day simple moving average is $11.70 and its 200 day simple moving average is $13.62. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.
BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.79 EPS for the quarter.
BW LPG Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 13.39%. The ex-dividend date was Thursday, December 12th.
Hedge Funds Weigh In On BW LPG
Institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its holdings in BW LPG by 30.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock worth $321,000 after acquiring an additional 6,601 shares during the period. Avior Wealth Management LLC grew its stake in shares of BW LPG by 98.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock worth $67,000 after purchasing an additional 2,902 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of BW LPG in the 3rd quarter valued at about $476,000. XTX Topco Ltd lifted its stake in shares of BW LPG by 75.1% in the third quarter. XTX Topco Ltd now owns 25,671 shares of the company's stock valued at $370,000 after purchasing an additional 11,013 shares during the period. Finally, Jane Street Group LLC purchased a new stake in BW LPG during the third quarter worth about $305,000.
About BW LPG
(
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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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