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

BW LPG Limited (NYSE:BWLP) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.94, but opened at $12.51. BW LPG shares last traded at $12.69, with a volume of 122,839 shares traded.

Analyst Upgrades and Downgrades

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

BW LPG Price Performance

The business has a 50-day moving average of $11.70 and a 200 day moving average of $13.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34.

BW LPG (NYSE:BWLP) last issued its quarterly 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 paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.22%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC purchased a new stake in BW LPG in the third quarter valued at approximately $43,000. Centiva Capital LP acquired a new stake in shares of BW LPG during the 3rd quarter worth $183,000. Plato Investment Management Ltd acquired a new stake in shares of BW LPG during the 3rd quarter worth $207,000. HighTower Advisors LLC purchased a new position in shares of BW LPG in the 3rd quarter worth $219,000. Finally, Optimum Investment Advisors boosted its holdings in BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after acquiring an additional 16,100 shares during the last quarter.

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.