BW LPG (NYSE:BWLP) Sets New 1-Year Low – Here’s Why

Shares of BW LPG Limited (NYSE:BWLP) hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.95 and last traded at $10.07, with a volume of 227253 shares trading hands. The stock had previously closed at $10.09.

Analyst Ratings Changes

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

BW LPG Trading Up 2.9 %

The company has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $12.92. 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 stock has a market cap of $1.45 billion and a P/E ratio of 4.14.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.27%. BW LPG’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On BW LPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWLP. Bank of New York Mellon Corp increased its holdings in 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 valued at $8,750,000 after purchasing an additional 660,269 shares during the last quarter. Amundi grew its stake in BW LPG by 22.4% in the fourth 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 during the period. The Manufacturers Life Insurance Company acquired a new position in BW LPG in the third quarter valued at about $5,653,000. Boothbay Fund Management LLC acquired a new position in shares of BW LPG during the fourth quarter worth about $1,778,000. Finally, Citadel Advisors LLC acquired a new position in shares of BW LPG during the fourth quarter worth about $1,231,000.

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.