BW LPG Limited (NYSE:BWLP - Get Free Report)'s share price shot up 3.3% during trading on Tuesday . The stock traded as high as $11.44 and last traded at $11.40. 123,937 shares were traded during mid-day trading, a decline of 44% from the average session volume of 220,723 shares. The stock had previously closed at $11.04.
BW LPG Price Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The stock's fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $14.56.
BW LPG Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 14.79%. The ex-dividend date of this dividend was Thursday, December 12th.
Institutional Investors Weigh In On BW LPG
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in BW LPG in the 2nd quarter valued at approximately $56,598,000. Assenagon Asset Management S.A. bought a new position in shares of BW LPG during the 3rd quarter worth about $11,827,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of BW LPG during the second quarter valued at about $12,196,000. The Manufacturers Life Insurance Company bought a new stake in shares of BW LPG in the third quarter valued at about $5,653,000. Finally, Bank of New York Mellon Corp acquired a new stake in BW LPG during the second quarter worth about $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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