BW LPG (NYSE:BWLP) Shares Gap Down – What’s Next?

Shares of BW LPG Limited (NYSE:BWLP) gapped down before the market opened on Friday . The stock had previously closed at $13.40, but opened at $12.76. BW LPG shares last traded at $12.55, with a volume of 72,682 shares.

Analyst Ratings Changes

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

BW LPG Price Performance

The company has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $13.68. 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 (NYSE:BWLP) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.79 EPS for the quarter.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 dividend yield of 13.06%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC purchased a new position in shares of BW LPG during the 3rd quarter worth approximately $43,000. Centiva Capital LP bought a new position in BW LPG in the 3rd quarter valued at approximately $183,000. Plato Investment Management Ltd bought a new position in BW LPG in the 3rd quarter valued at approximately $207,000. HighTower Advisors LLC bought a new position in BW LPG in the 3rd quarter valued at approximately $219,000. Finally, Optimum Investment Advisors lifted its position in BW LPG by 644.0% in the 3rd 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 in 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.