BW LPG (NYSE:BWLP) Sees Strong Trading Volume – Should You Buy?

BW LPG Limited (NYSE:BWLP) saw strong trading volume on Thursday . 351,196 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 484,092 shares.The stock last traded at $12.91 and had previously closed at $13.09.

BW LPG Stock Performance

The business has a 50 day moving average of $11.92 and a 200-day moving average of $14.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34.

BW LPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.64%. The ex-dividend date was Thursday, December 12th.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently bought and sold shares of the company. Glenorchy Capital Ltd purchased a new stake in shares of BW LPG in the 3rd quarter valued at about $712,000. Assenagon Asset Management S.A. purchased a new stake in BW LPG in the third quarter valued at approximately $11,827,000. DekaBank Deutsche Girozentrale bought a new stake in BW LPG during the second quarter valued at approximately $698,000. Skandinaviska Enskilda Banken AB publ purchased a new position in BW LPG in the 2nd quarter worth approximately $12,196,000. Finally, HighTower Advisors LLC bought a new position in shares of BW LPG in the 3rd quarter worth $219,000.

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.