BW LPG (NYSE:BWLP) Shares Gap Up – Still a Buy?

Shares of BW LPG Limited (NYSE:BWLP) gapped up prior to trading on Monday . The stock had previously closed at $10.17, but opened at $10.44. BW LPG shares last traded at $10.61, with a volume of 196,107 shares changing hands.

BW LPG Stock Performance

The firm’s 50-day moving average is $12.63 and its 200 day moving average is $14.93. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

BW LPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be given a $0.42 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 15.66%.

Institutional Investors Weigh In On BW LPG

Large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC acquired a new stake in shares of BW LPG during the third quarter worth $43,000. Centiva Capital LP acquired a new position in shares of BW LPG during the 3rd quarter valued at about $183,000. Plato Investment Management Ltd acquired a new stake in shares of BW LPG in the third quarter worth approximately $207,000. XTX Topco Ltd purchased a new stake in BW LPG in the second quarter valued at approximately $280,000. Finally, HighTower Advisors LLC purchased a new stake in BW LPG in the third quarter valued at approximately $219,000.

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.