BW LPG (NYSE:BWLP) Trading Up 3.3% – Here’s What Happened

BW LPG Limited (NYSE:BWLP) shares were up 3.3% during mid-day trading on Tuesday . The stock traded as high as $11.44 and last traded at $11.40. Approximately 123,937 shares were traded during trading, a decline of 44% from the average daily volume of 220,723 shares. The stock had previously closed at $11.04.

BW LPG Stock Up 3.1 %

The firm has a fifty day simple moving average of $12.28 and a 200 day simple moving average of $14.64. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 annualized dividend and a yield of 14.76%.

Institutional Trading of BW LPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC acquired a new stake in BW LPG during the third quarter valued at approximately $43,000. Centiva Capital LP acquired a new stake in BW LPG in the 3rd quarter valued at $183,000. Plato Investment Management Ltd bought a new stake in BW LPG in the third quarter valued at $207,000. HighTower Advisors LLC acquired a new position in BW LPG during the third quarter worth $219,000. Finally, Optimum Investment Advisors lifted its holdings in shares of BW LPG by 644.0% during the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after acquiring an additional 16,100 shares during the period.

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.