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

BW LPG Limited (NYSE:BWLP)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $13.19, but opened at $13.50. BW LPG shares last traded at $13.53, with a volume of 34,877 shares traded.

BW LPG Trading Up 2.2 %

The firm has a fifty day simple moving average of $14.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The business had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.58 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a yield of 17.21%.

Hedge Funds Weigh In On BW LPG

A number of institutional investors have recently modified their holdings of BWLP. Avior Wealth Management LLC acquired a new position in BW LPG in the 3rd quarter valued at $43,000. Centiva Capital LP acquired a new stake in shares of BW LPG in the third quarter valued at about $183,000. Plato Investment Management Ltd bought a new position in shares of BW LPG in the third quarter worth about $207,000. HighTower Advisors LLC acquired a new position in shares of BW LPG during the 3rd quarter worth about $219,000. Finally, Optimum Investment Advisors boosted its stake in BW LPG by 644.0% during the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after purchasing an additional 16,100 shares during the period.

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.