BW LPG (NYSE:BWLP) Shares Gap Down – Time to Sell?

BW LPG Limited (NYSE:BWLP)’s share price gapped down before the market opened on Monday . The stock had previously closed at $13.55, but opened at $13.08. BW LPG shares last traded at $12.97, with a volume of 102,177 shares changing hands.

BW LPG Stock Down 2.1 %

The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average is $13.93 and its 200-day moving average is $15.82.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BWLP. Bank of New York Mellon Corp bought a new stake in BW LPG during the 2nd quarter worth $2,365,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of BW LPG during the second quarter valued at about $594,000. Acadian Asset Management LLC bought a new stake in shares of BW LPG during the second quarter worth about $56,598,000. Jupiter Asset Management Ltd. acquired a new position in shares of BW LPG in the second quarter valued at approximately $2,050,000. Finally, DekaBank Deutsche Girozentrale bought a new position in BW LPG in the 2nd quarter valued at approximately $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.