BW LPG (NYSE:BWLP) Sees Unusually-High Trading Volume – What’s Next?

BW LPG Limited (NYSE:BWLP) shares saw strong trading volume on Wednesday . 133,739 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 169,655 shares.The stock last traded at $13.00 and had previously closed at $13.38.

BW LPG Trading Down 4.6 %

The firm has a fifty day moving average price of $14.78. 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 (NYSE:BWLP) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 18.17%. The ex-dividend date of this dividend was Tuesday, September 10th.

Institutional Investors Weigh In On BW LPG

Several institutional investors and hedge funds have recently modified their holdings of the stock. Glenorchy Capital Ltd purchased a new position in shares of BW LPG in the third quarter valued at $712,000. Acadian Asset Management LLC purchased a new position in BW LPG in the 2nd quarter valued at about $56,598,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of BW LPG during the second quarter valued at about $698,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of BW LPG during the second quarter worth about $12,196,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of BW LPG in the second quarter worth about $2,365,000.

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.