BW LPG (NYSE:BWLP) Stock Price Up 3.4% – Still a Buy?

Shares of BW LPG Limited (NYSE:BWLP) rose 3.4% during trading on Thursday . The company traded as high as $11.01 and last traded at $11.06. Approximately 98,589 shares were traded during trading, a decline of 72% from the average daily volume of 353,392 shares. The stock had previously closed at $10.70.

Analyst Ratings Changes

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

BW LPG Stock Down 1.0 %

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 market capitalization of $1.43 billion and a PE ratio of 4.08. The company’s 50 day simple moving average is $12.04 and its 200-day simple moving average is $12.87.

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

BW LPG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid 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 presently 63.16%.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of BW LPG in the 4th quarter worth $26,000. Avior Wealth Management LLC bought a new position in shares of BW LPG in the 3rd quarter worth $43,000. Tower Research Capital LLC TRC increased its holdings in shares of BW LPG by 101,928.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after buying an additional 7,135 shares during the last quarter. SIH Partners LLLP bought a new position in shares of BW LPG in the 4th quarter worth $114,000. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of BW LPG in the 4th quarter worth $138,000.

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.