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

Shares of BW LPG Limited (NYSE:BWLP) 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 changing hands.

BW LPG Stock Up 1.3 %

The company’s 50 day simple moving average is $14.90. 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 earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The firm had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 17.54%. The ex-dividend date was Tuesday, September 10th.

Institutional Inflows and Outflows

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