BW LPG (NYSE:BWLP) Shares Gap Down – Should You Sell?

BW LPG Limited (NYSE:BWLP)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.12, but opened at $13.39. BW LPG shares last traded at $13.23, with a volume of 162,440 shares traded.

BW LPG Stock Down 6.4 %

The company has a 50-day simple moving average of $15.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63.

BW LPG (NYSE:BWLP) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 17.56%.

Institutional Trading of BW LPG

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in BW LPG during the 2nd quarter valued at about $56,598,000. Assenagon Asset Management S.A. acquired a new stake in shares of BW LPG during the third quarter worth approximately $11,827,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of BW LPG during the second quarter worth approximately $12,196,000. Bank of New York Mellon Corp acquired a new stake in BW LPG in the second quarter valued at approximately $2,365,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in BW LPG in the second quarter valued at approximately $2,050,000.

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.