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

by · The Cerbat Gem

BW LPG Limited (NYSE:BWLP – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.95 and last traded at $10.07, with a volume of 227253 shares. The stock had previously closed at $10.09.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on BWLP

BW LPG Price Performance

The stock has a market capitalization of $1.34 billion and a PE ratio of 3.82. 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’s 50-day moving average is $12.11 and its 200 day moving average is $12.98.

BW LPG (NYSE:BWLP – Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.53%. The ex-dividend date of this dividend is Monday, March 10th. BW LPG’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On BW LPG

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in BW LPG by 600.5% during the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after buying an additional 660,269 shares during the last quarter. Amundi raised its holdings in BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after purchasing an additional 404,323 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in BW LPG in the third quarter valued at about $5,653,000. Boothbay Fund Management LLC purchased a new stake in BW LPG in the 4th quarter valued at approximately $1,778,000. Finally, Citadel Advisors LLC acquired a new position in BW LPG during the 4th quarter worth approximately $1,231,000.

About BW LPG

(Get Free Report)

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.

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