BW LPG (NYSE:BWLP) Trading 3.3% Higher – Should You Buy?

BW LPG Limited (NYSE:BWLP)’s share price rose 3.3% on Tuesday . The company traded as high as $11.44 and last traded at $11.40. Approximately 123,937 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 220,723 shares. The stock had previously closed at $11.04.

BW LPG Stock Up 2.9 %

The business’s fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $14.56. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 14.79%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On BW LPG

Several large investors have recently added to or reduced their stakes in BWLP. Avior Wealth Management LLC bought a new stake in shares of BW LPG during the third quarter valued at approximately $43,000. Centiva Capital LP bought a new stake in BW LPG in the 3rd quarter valued at $183,000. Plato Investment Management Ltd acquired a new position in shares of BW LPG in the 3rd quarter valued at $207,000. XTX Topco Ltd bought a new position in shares of BW LPG during the 2nd quarter worth about $280,000. Finally, HighTower Advisors LLC acquired a new stake in shares of BW LPG during the 3rd quarter valued at about $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.