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

BW LPG Limited (NYSE:BWLP)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $13.40, but opened at $12.76. BW LPG shares last traded at $12.55, with a volume of 72,682 shares.

Wall Street Analysts Forecast Growth

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

BW LPG Stock Down 4.0 %

The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $11.71 and a 200 day moving average price of $13.68.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.79 earnings per share (EPS) for the quarter.

BW LPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.06%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in shares of BW LPG during the third quarter valued at approximately $11,827,000. The Manufacturers Life Insurance Company purchased a new stake in shares of BW LPG in the third quarter valued at approximately $5,653,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of BW LPG by 33.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock valued at $740,000 after purchasing an additional 12,622 shares during the period. Glenorchy Capital Ltd purchased a new stake in shares of BW LPG in the third quarter valued at approximately $712,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of BW LPG in the third quarter valued at approximately $476,000.

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.