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

BW LPG Limited (NYSE:BWLP) saw unusually-high trading volume on Wednesday . Approximately 167,822 shares traded hands during trading, a decline of 12% from the previous session’s volume of 190,928 shares.The stock last traded at $11.90 and had previously closed at $12.06.

BW LPG Trading Down 0.7 %

The company’s 50-day moving average is $13.67 and its 200 day moving average is $15.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.34.

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.32%. The ex-dividend date is Thursday, December 12th.

Institutional Trading of BW LPG

A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in shares of BW LPG during the 2nd quarter valued at about $56,598,000. Assenagon Asset Management S.A. purchased a new position in shares of BW LPG in the third quarter worth $11,827,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of BW LPG in the second quarter worth $12,196,000. The Manufacturers Life Insurance Company purchased a new position in shares of BW LPG in the third quarter worth $5,653,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of BW LPG in the second quarter worth $2,365,000.

BW LPG Company Profile

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.