BW LPG (NYSE:BWLP) Sees Large Volume Increase – Time to Buy?

BW LPG Limited (NYSE:BWLP) saw strong trading volume on Thursday . 351,196 shares changed hands during trading, a decline of 27% from the previous session’s volume of 484,092 shares.The stock last traded at $12.91 and had previously closed at $13.09.

BW LPG Price Performance

The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average is $11.93 and its two-hundred day moving average is $14.10.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.12%.

Hedge Funds Weigh In On BW LPG

Several hedge funds have recently bought and sold shares of BWLP. Avior Wealth Management LLC purchased a new stake in BW LPG during the third quarter worth about $43,000. Centiva Capital LP acquired a new position in shares of BW LPG in the third quarter valued at approximately $183,000. Plato Investment Management Ltd purchased a new stake in BW LPG during the 3rd quarter worth approximately $207,000. XTX Topco Ltd acquired a new stake in BW LPG during the 2nd quarter worth approximately $280,000. Finally, HighTower Advisors LLC purchased a new position in BW LPG in the 3rd quarter valued at approximately $219,000.

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.