BW LPG (NYSE:BWLP) Shares Gap Up – Time to Buy?

BW LPG Limited (NYSE:BWLP)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.94, but opened at $12.51. BW LPG shares last traded at $12.69, with a volume of 122,839 shares changing hands.

Analyst Ratings Changes

Separately, Pareto Securities upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday.

BW LPG Price Performance

The business’s 50-day simple moving average is $11.70 and its two-hundred day simple moving average is $13.66. 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 (NYSE:BWLP) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.79 EPS for the quarter.

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were paid a $0.42 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.22%.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently bought and sold shares of BWLP. Exchange Traded Concepts LLC bought a new stake in shares of BW LPG in the 3rd quarter valued at approximately $312,000. Optimum Investment Advisors boosted its holdings in BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock worth $268,000 after purchasing an additional 16,100 shares during the period. Glenorchy Capital Ltd bought a new stake in BW LPG during the third quarter valued at $712,000. U S Global Investors Inc. acquired a new stake in shares of BW LPG during the third quarter worth $337,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of BW LPG in the 3rd quarter worth about $11,827,000.

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.