BW LPG (NYSE:BWLP) Shares Gap Down – Should You Sell?

BW LPG Limited (NYSE:BWLP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.89, but opened at $10.64. BW LPG shares last traded at $10.70, with a volume of 141,035 shares traded.

BW LPG Trading Down 2.1 %

The company’s 50-day moving average is $13.16 and its two-hundred day moving average is $15.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 12th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.76%. The ex-dividend date is Thursday, December 12th.

Institutional Investors Weigh In On BW LPG

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in shares of BW LPG during the 2nd quarter worth $2,365,000. Allspring Global Investments Holdings LLC purchased a new position in shares of BW LPG in the second quarter valued at $594,000. Acadian Asset Management LLC bought a new stake in shares of BW LPG during the 2nd quarter valued at $56,598,000. Jupiter Asset Management Ltd. purchased a new stake in BW LPG during the 2nd quarter worth about $2,050,000. Finally, DekaBank Deutsche Girozentrale bought a new position in BW LPG in the 2nd quarter worth about $698,000.

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.