BW LPG Limited (NYSE:BWLP - Get Free Report) shares fell 2.5% on Friday . The stock traded as low as $10.73 and last traded at $10.71. 75,754 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 354,649 shares. The stock had previously closed at $10.98.
Analyst Upgrades and Downgrades
Separately, Pareto Securities raised shares of BW LPG from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th.
Read Our Latest Research Report on BW LPG
BW LPG Stock Up 1.3 %
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 firm's 50 day simple moving average is $12.04 and its two-hundred day simple moving average is $12.80. The firm has a market cap of $1.49 billion and a price-to-earnings ratio of 4.25.
BW LPG (NYSE:BWLP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to analyst estimates of $183.00 million.
BW LPG Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 14.87%. The ex-dividend date of this dividend is Monday, March 10th. BW LPG's dividend payout ratio (DPR) is presently 63.16%.
Institutional Investors Weigh In On BW LPG
Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in BW LPG during the 4th quarter worth approximately $26,000. Avior Wealth Management LLC bought a new stake in BW LPG during the 3rd quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its holdings in BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock worth $81,000 after acquiring an additional 7,135 shares during the last quarter. SIH Partners LLLP bought a new stake in BW LPG during the 4th quarter worth approximately $114,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of BW LPG in the 4th quarter valued at $138,000.
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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