BW LPG Limited (NYSE:BWLP) Short Interest Down 21.7% in March

BW LPG Limited (NYSE:BWLP) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,080,000 shares, a decrease of 21.7% from the March 15th total of 1,380,000 shares. Based on an average daily trading volume, of 499,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.3% of the company’s shares are sold short.

BW LPG Trading Up 2.5 %

BWLP stock traded up $0.24 during trading on Friday, hitting $9.47. The company had a trading volume of 153,926 shares, compared to its average volume of 370,532. The firm has a market capitalization of $1.25 billion and a P/E ratio of 3.56. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. BW LPG has a 52-week low of $7.86 and a 52-week high of $22.31. The company has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $12.01.

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

BW LPG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 17.75%. The ex-dividend date was Monday, March 10th. BW LPG’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities raised 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 hedge funds have recently modified their holdings of BWLP. Swiss National Bank grew its position in shares of BW LPG by 0.6% in the 4th quarter. Swiss National Bank now owns 166,377 shares of the company’s stock worth $1,836,000 after buying an additional 1,071 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of BW LPG by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company’s stock valued at $4,375,000 after purchasing an additional 1,175 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of BW LPG in the 4th quarter worth $26,000. XTX Topco Ltd grew its stake in BW LPG by 9.1% during the 4th quarter. XTX Topco Ltd now owns 27,995 shares of the company’s stock worth $318,000 after buying an additional 2,324 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in BW LPG by 98.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock valued at $67,000 after buying an additional 2,902 shares in the last quarter.

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.