BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,380,000 shares, an increase of 45.2% from the February 28th total of 950,500 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 481,100 shares, the short-interest ratio is presently 2.9 days.

Analysts Set New Price Targets

Separately, Pareto Securities raised BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in BW LPG during the 4th quarter valued at $26,000. Amundi raised its stake in shares of BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company's stock valued at $25,152,000 after acquiring an additional 404,323 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BW LPG during the fourth quarter worth about $380,000. Bank of New York Mellon Corp grew its stake in shares of BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company's stock worth $8,750,000 after purchasing an additional 660,269 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of BW LPG in the third quarter worth about $219,000.

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BW LPG Trading Down 6.0 %

Shares of BW LPG stock traded down $0.66 during trading on Thursday, reaching $10.21. The company's stock had a trading volume of 684,939 shares, compared to its average volume of 360,037. The company has a market cap of $1.34 billion and a price-to-earnings ratio of 3.84. The firm's 50-day moving average is $11.80 and its two-hundred day moving average is $12.51. BW LPG has a 52-week low of $9.95 and a 52-week high of $22.31. 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 announced its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $127.57 million for the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.42 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.68 annualized dividend and a yield of 16.46%. BW LPG's payout ratio is currently 63.16%.

About BW LPG

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.