BW LPG (NYSE:BWLP) Shares Gap Down – Here’s Why

BW LPG Limited (NYSE:BWLP)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $12.42, but opened at $12.00. BW LPG shares last traded at $12.07, with a volume of 179,319 shares trading hands.

BW LPG Stock Down 3.0 %

The business has a fifty day moving average of $13.81 and a 200-day moving average of $15.74. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On BW LPG

Hedge funds and other institutional investors have recently made changes to their positions in the company. Glenorchy Capital Ltd purchased a new stake in BW LPG in the third quarter worth about $712,000. Acadian Asset Management LLC bought a new stake in BW LPG during the second quarter valued at about $56,598,000. DekaBank Deutsche Girozentrale bought a new stake in BW LPG during the second quarter valued at about $698,000. Assenagon Asset Management S.A. bought a new position in BW LPG in the third quarter worth about $11,827,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of BW LPG during the second quarter valued at about $12,196,000.

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.