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

BW LPG Limited (NYSE:BWLP)’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) 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

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 17.54%. The ex-dividend date of this dividend was Tuesday, September 10th.

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.