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

Shares of BW LPG Limited (NYSE:BWLP) 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 Performance

The business’s 50-day moving average is $14.00 and its 200 day moving average is $15.80. 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 released its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. The company had revenue of $876.49 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BWLP. Acadian Asset Management LLC purchased a new stake in BW LPG during the 2nd quarter valued at $56,598,000. Assenagon Asset Management S.A. bought a new stake in shares of BW LPG in the third quarter worth about $11,827,000. Skandinaviska Enskilda Banken AB publ purchased a new position in BW LPG during the 2nd quarter valued at about $12,196,000. The Manufacturers Life Insurance Company bought a new position in BW LPG during the 3rd quarter valued at approximately $5,653,000. Finally, Bank of New York Mellon Corp bought a new position in BW LPG during the 2nd quarter valued at approximately $2,365,000.

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.