BW LPG (NYSE:BWLP) Trading Down 2.5% – Time to Sell?

Shares of BW LPG Limited (NYSE:BWLP) traded down 2.5% during trading on Friday . The stock traded as low as $10.73 and last traded at $10.71. 75,754 shares changed hands during trading, a decline of 79% from the average session volume of 354,649 shares. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

Separately, Pareto Securities upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

BW LPG Stock Performance

The stock’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $12.91. The company has a market capitalization of $1.43 billion and a P/E ratio of 4.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 15.46%. The ex-dividend date is Monday, March 10th. BW LPG’s dividend payout ratio is 63.16%.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWLP. SBI Securities Co. Ltd. acquired a new stake in shares of BW LPG during the 4th quarter worth approximately $26,000. Avior Wealth Management LLC bought a new position in BW LPG in the third quarter valued at approximately $43,000. Tower Research Capital LLC TRC grew its holdings in BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after acquiring an additional 7,135 shares during the period. SIH Partners LLLP bought a new stake in shares of BW LPG during the 4th quarter valued at $114,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of BW LPG in the 4th quarter valued at $138,000.

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.