BW LPG (NYSE:BWLP) Shares Gap Down – Here’s What Happened

BW LPG Limited (NYSE:BWLP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $13.55, but opened at $13.08. BW LPG shares last traded at $12.97, with a volume of 102,177 shares.

BW LPG Stock Down 2.1 %

The company has a fifty day simple moving average of $13.93 and a two-hundred day simple moving average of $15.82. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On BW LPG

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of BW LPG during the 2nd quarter worth approximately $2,365,000. Allspring Global Investments Holdings LLC bought a new position in shares of BW LPG in the 2nd quarter valued at $594,000. Acadian Asset Management LLC acquired a new position in shares of BW LPG during the 2nd quarter worth $56,598,000. Jupiter Asset Management Ltd. bought a new stake in shares of BW LPG during the 2nd quarter worth $2,050,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in BW LPG in the second 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.