BW LPG (NYSE:BWLP) Sees Large Volume Increase – Still a Buy?

BW LPG Limited (NYSE:BWLP) shares saw an uptick in trading volume on Wednesday . 176,479 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 211,182 shares.The stock last traded at $10.45 and had previously closed at $10.24.

BW LPG Price Performance

The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $12.74 and a 200 day moving average price of $15.10.

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 16.63%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On BW LPG

Several institutional investors have recently bought and sold shares of BWLP. Avior Wealth Management LLC acquired a new stake in BW LPG in the third quarter worth approximately $43,000. XTX Topco Ltd raised its stake in shares of BW LPG by 75.1% in the 3rd quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after buying an additional 11,013 shares in the last quarter. DekaBank Deutsche Girozentrale lifted 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 buying an additional 12,622 shares during the period. Centiva Capital LP bought a new position in BW LPG during the third quarter valued at about $183,000. Finally, Plato Investment Management Ltd bought a new stake in BW LPG in the third quarter worth about $207,000.

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.