BW LPG (NYSE:BWLP) Shares Gap Down – Should You Sell?

BW LPG Limited (NYSE:BWLP) shares gapped down prior to trading on Monday . The stock had previously closed at $10.89, but opened at $10.64. BW LPG shares last traded at $10.70, with a volume of 141,035 shares.

BW LPG Trading Down 2.6 %

The stock’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $15.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 16.41%.

Institutional Investors Weigh In On BW LPG

Large investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC bought a new position in BW LPG in the third quarter worth approximately $43,000. Centiva Capital LP purchased a new position in shares of BW LPG in the third quarter valued at about $183,000. Plato Investment Management Ltd bought a new position in shares of BW LPG in the third quarter worth about $207,000. XTX Topco Ltd bought a new stake in shares of BW LPG during the second quarter valued at approximately $280,000. Finally, HighTower Advisors LLC purchased a new position in shares of BW LPG in the third quarter worth $219,000.

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.