BW LPG (NYSE:BWLP) Shares Gap Up – Still a Buy?

BW LPG Limited (NYSE:BWLP)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $15.09, but opened at $15.57. BW LPG shares last traded at $15.51, with a volume of 23,179 shares changing hands.

BW LPG Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63. The company’s 50 day simple moving average is $15.15.

BW LPG (NYSE:BWLP) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. The firm 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. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 15.08%. The ex-dividend date was Tuesday, September 10th.

Institutional Investors Weigh In On BW LPG

Several institutional investors have recently modified their holdings of BWLP. XTX Topco Ltd bought a new position in BW LPG in the second quarter valued at approximately $280,000. Exchange Traded Concepts LLC bought a new position in shares of BW LPG in the 3rd quarter worth $312,000. Susquehanna International Group Ltd. acquired a new position in shares of BW LPG during the 2nd quarter worth about $441,000. Allspring Global Investments Holdings LLC acquired a new position in shares of BW LPG during the 2nd quarter worth about $594,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of BW LPG in the 2nd quarter valued at about $698,000.

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.