BW LPG Limited (NYSE:BWLP - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 395,400 shares, a decrease of 6.3% from the August 31st total of 422,200 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 286,100 shares, the days-to-cover ratio is currently 1.4 days.
Hedge Funds Weigh In On BW LPG
A number of institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of BW LPG during the 2nd quarter valued at $280,000. Susquehanna International Group Ltd. bought a new position in BW LPG in the second quarter worth approximately $441,000. Allspring Global Investments Holdings LLC acquired a new stake in BW LPG in the second quarter valued at approximately $594,000. DekaBank Deutsche Girozentrale bought a new position in shares of BW LPG in the 2nd quarter worth $698,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in BW LPG in the 2nd quarter valued at $2,050,000.
BW LPG Trading Up 0.4 %
BWLP stock traded up $0.06 during midday trading on Monday, reaching $14.42. 281,432 shares of the stock were exchanged, compared to its average volume of 157,307. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. BW LPG has a 52 week low of $10.32 and a 52 week high of $22.31. The firm has a fifty day moving average of $15.26.
BW LPG (NYSE:BWLP - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. The company had revenue of $876.49 million during the quarter.
BW LPG Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a yield of 16.09%.
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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