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

BW LPG Limited (NYSE:BWLP) shares 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 trading hands.

Wall Street Analyst Weigh In

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

BW LPG Stock Down 5.2 %

The business’s 50 day moving average price is $11.70 and its two-hundred day moving average price is $13.66. 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 (NYSE:BWLP) last released its earnings results on Monday, December 2nd. The company reported $0.79 earnings per share for the quarter.

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 issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 13.22%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On BW LPG

Several large investors have recently made changes to their positions in BWLP. Assenagon Asset Management S.A. acquired a new stake in BW LPG during the third quarter valued at approximately $11,827,000. The Manufacturers Life Insurance Company acquired a new stake in shares of BW LPG during the 3rd quarter valued at $5,653,000. Glenorchy Capital Ltd bought a new stake in shares of BW LPG during the 3rd quarter worth $712,000. Public Employees Retirement System of Ohio acquired a new position in shares of BW LPG in the 3rd quarter worth $476,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of BW LPG during the third quarter worth $444,000.

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.