BW LPG (NYSE:BWLP) Shares Gap Down – Here’s What Happened

BW LPG Limited (NYSE:BWLP) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.01, but opened at $12.55. BW LPG shares last traded at $12.84, with a volume of 229,484 shares changing hands.

Wall Street Analyst Weigh In

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a research 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 firm has a 50 day simple moving average of $11.84 and a two-hundred day simple moving average of $13.45.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.79 earnings per share (EPS) for the quarter.

BW LPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 12th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 annualized dividend and a yield of 13.24%.

Hedge Funds Weigh In On BW LPG

Large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new position in shares of BW LPG during the 3rd quarter worth $312,000. Optimum Investment Advisors boosted its position in shares of BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after acquiring an additional 16,100 shares during the period. Glenorchy Capital Ltd purchased a new stake in shares of BW LPG in the third quarter worth $712,000. U S Global Investors Inc. purchased a new position in shares of BW LPG during the third quarter worth about $337,000. Finally, Assenagon Asset Management S.A. purchased a new position in BW LPG in the 3rd quarter worth approximately $11,827,000.

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.