BW LPG Limited (NYSE:BWLP – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.12, but opened at $13.39. BW LPG shares last traded at $13.23, with a volume of 162,440 shares trading hands.
BW LPG Price Performance
The business’s 50 day simple moving average is $14.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63.
BW LPG (NYSE:BWLP – Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $876.49 million for the quarter.
BW LPG Cuts Dividend
Institutional Investors Weigh In On BW LPG
Institutional investors and hedge funds have recently modified their holdings of the company. Optimum Investment Advisors raised its stake in BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after buying an additional 16,100 shares during the period. XTX Topco Ltd acquired a new stake in BW LPG during the 2nd quarter worth approximately $280,000. Exchange Traded Concepts LLC bought a new stake in shares of BW LPG in the third quarter valued at about $312,000. U S Global Investors Inc. bought a new stake in BW LPG in the 3rd quarter valued at about $337,000. Finally, Susquehanna International Group Ltd. acquired a new position in shares of BW LPG during the 2nd quarter worth approximately $441,000.
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.
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