BW LPG (NYSE:BWLP) Hits New 1-Year Low – Here’s What Happened

BW LPG Limited (NYSE:BWLP) reached a new 52-week low on Tuesday . The company traded as low as $9.95 and last traded at $10.07, with a volume of 227253 shares trading hands. The stock had previously closed at $10.09.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

BW LPG Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a market capitalization of $1.34 billion and a PE ratio of 3.82. The stock’s 50 day moving average is $12.11 and its two-hundred day moving average is $12.98.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to analyst estimates of $183.00 million.

BW LPG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.53%. The ex-dividend date is Monday, March 10th. BW LPG’s payout ratio is 63.16%.

Hedge Funds Weigh In On BW LPG

Several hedge funds and other institutional investors have recently modified their holdings of BWLP. Vanguard Group Inc. boosted its stake in BW LPG by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,152,366 shares of the company’s stock worth $35,013,000 after buying an additional 13,010 shares during the last quarter. Amundi raised its holdings in shares of BW LPG by 22.4% during the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after acquiring an additional 404,323 shares during the period. Barclays PLC boosted its position in shares of BW LPG by 6.0% during the 4th quarter. Barclays PLC now owns 1,546,077 shares of the company’s stock valued at $17,563,000 after acquiring an additional 86,909 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BW LPG by 10.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company’s stock valued at $8,751,000 after purchasing an additional 75,699 shares during the period. Finally, Bank of New York Mellon Corp increased its position in BW LPG by 600.5% during the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after purchasing an additional 660,269 shares during the last quarter.

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.