BW LPG Limited (NYSE:BWLP) Short Interest Up 45.2% in March

BW LPG Limited (NYSE:BWLP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,380,000 shares, an increase of 45.2% from the February 28th total of 950,500 shares. Based on an average daily volume of 481,100 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities upgraded BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

Hedge Funds Weigh In On BW LPG

A number of hedge funds have recently bought and sold shares of BWLP. Vanguard Group Inc. raised its stake in BW LPG by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,152,366 shares of the company’s stock valued at $35,013,000 after purchasing an additional 13,010 shares in the last quarter. Amundi boosted its holdings in shares of BW LPG by 22.4% during the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after acquiring an additional 404,323 shares in the last quarter. Barclays PLC boosted its stake in shares of BW LPG by 6.0% during the fourth quarter. Barclays PLC now owns 1,546,077 shares of the company’s stock valued at $17,563,000 after purchasing an additional 86,909 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BW LPG by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company’s stock worth $8,751,000 after acquiring an additional 75,699 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after purchasing an additional 660,269 shares during the last quarter.

BW LPG Stock Performance

BWLP traded up $0.20 during trading hours on Friday, reaching $11.22. The company’s stock had a trading volume of 259,394 shares, compared to its average volume of 359,661. The company’s 50-day moving average is $11.91 and its 200-day moving average is $12.59. BW LPG has a 52 week low of $9.95 and a 52 week high of $22.31. The firm has a market cap of $1.48 billion and a PE ratio of 4.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 14.98%. The ex-dividend date was Monday, March 10th. BW LPG’s dividend payout ratio is 63.16%.

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.