BW LPG (NYSE:BWLP) Shares Gap Down – Time to Sell?

Shares of BW LPG Limited (NYSE:BWLP) gapped down prior to trading on Friday . The stock had previously closed at $13.33, but opened at $12.95. BW LPG shares last traded at $12.95, with a volume of 109,576 shares trading hands.

BW LPG Stock Down 2.3 %

The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $14.12.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The company had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 17.82%. The ex-dividend date of this dividend was Tuesday, September 10th.

Institutional Trading of BW LPG

A number of hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new stake in BW LPG in the third quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale grew its stake in BW LPG by 33.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock valued at $740,000 after acquiring an additional 12,622 shares during the period. Centiva Capital LP purchased a new stake in BW LPG in the 3rd quarter worth $183,000. Plato Investment Management Ltd purchased a new stake in BW LPG in the 3rd quarter worth $207,000. Finally, XTX Topco Ltd acquired a new stake in shares of BW LPG in the second quarter valued at about $280,000.

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.