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

BW LPG Limited (NYSE:BWLP) 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 traded.

Analyst Upgrades and Downgrades

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

BW LPG Stock Down 0.2 %

The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $11.79 and a 200 day moving average of $13.48.

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

BW LPG Cuts Dividend

The firm 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 dividend yield of 12.94%.

Institutional Investors Weigh In On BW LPG

Several large investors have recently modified their holdings of BWLP. SBI Securities Co. Ltd. bought a new stake in shares of BW LPG in the fourth quarter worth about $26,000. Avior Wealth Management LLC bought a new stake in shares of BW LPG in the third quarter worth about $43,000. Centiva Capital LP bought a new stake in shares of BW LPG in the third quarter worth about $183,000. Plato Investment Management Ltd bought a new stake in shares of BW LPG in the third quarter worth about $207,000. Finally, HighTower Advisors LLC bought a new stake in shares of BW LPG in the third quarter worth about $219,000.

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.