BW LPG (NYSE:BWLP) Shares Gap Down – What’s Next?

BW LPG Limited (NYSE:BWLP)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $13.01, but opened at $12.55. BW LPG shares last traded at $12.84, with a volume of 229,484 shares changing hands.

Wall Street Analysts Forecast Growth

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

BW LPG Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The stock has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $13.45.

BW LPG (NYSE:BWLP) last announced its earnings results on Monday, December 2nd. The company reported $0.79 EPS for the quarter.

BW LPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 13.24%.

Institutional Trading of BW LPG

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of BW LPG during the fourth quarter valued at approximately $26,000. Avior Wealth Management LLC purchased a new position in shares of BW LPG during the 3rd quarter worth about $43,000. Tower Research Capital LLC TRC raised its holdings in shares of BW LPG by 101,928.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after buying an additional 7,135 shares during the period. SIH Partners LLLP bought a new position in BW LPG in the 4th quarter worth about $114,000. Finally, Centiva Capital LP purchased a new stake in shares of BW LPG in the third quarter valued at approximately $183,000.

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.