BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 875,700 shares, a growth of 123.8% from the January 15th total of 391,300 shares. Based on an average trading volume of 499,400 shares, the short-interest ratio is currently 1.8 days. Currently, 1.0% of the company’s shares are short sold.

BW LPG Price Performance

BW LPG stock opened at $12.69 on Friday. The company’s 50 day simple moving average is $11.84 and its 200-day simple moving average is $13.45. BW LPG has a 1 year low of $9.95 and a 1 year high of $22.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG (NYSE:BWLP) last released 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 announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 13.24%. The ex-dividend date was Thursday, December 12th.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

Institutional Investors Weigh In On BW LPG

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in BW LPG by 111.4% during the 4th quarter. Jane Street Group LLC now owns 45,132 shares of the company’s stock worth $497,000 after buying an additional 23,785 shares during the period. The Manufacturers Life Insurance Company grew its holdings in BW LPG by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company’s stock worth $4,375,000 after acquiring an additional 1,175 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in BW LPG during the 4th quarter worth approximately $1,778,000. SIH Partners LLLP acquired a new position in BW LPG during the 4th quarter worth approximately $114,000. Finally, Tower Research Capital LLC TRC grew its holdings in BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after acquiring an additional 7,135 shares in the last quarter.

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.