BW LPG (NYSE:BWLP) Sees Strong Trading Volume – Here’s What Happened

Shares of BW LPG Limited (NYSE:BWLP) saw unusually-strong trading volume on Thursday . Approximately 351,196 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 484,092 shares.The stock last traded at $12.91 and had previously closed at $13.09.

BW LPG Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. The business has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $14.05.

BW LPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 13.64%.

Institutional Trading of BW LPG

Institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in shares of BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock worth $67,000 after buying an additional 2,902 shares during the last quarter. XTX Topco Ltd grew its holdings in BW LPG by 75.1% during the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock valued at $370,000 after purchasing an additional 11,013 shares during the period. DekaBank Deutsche Girozentrale increased its position in BW LPG by 33.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock worth $740,000 after buying an additional 12,622 shares during the last quarter. Centiva Capital LP purchased a new stake in BW LPG in the third quarter worth $183,000. Finally, Plato Investment Management Ltd bought a new stake in shares of BW LPG in the third quarter valued at $207,000.

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.