BW LPG (NYSE:BWLP) Stock Price Down 2.5% – Here’s Why

by · The Cerbat Gem

BW LPG Limited (NYSE:BWLP – Get Free Report)’s share price traded down 2.5% on Friday . The stock traded as low as $10.73 and last traded at $10.71. 75,754 shares changed hands during trading, a decline of 79% from the average session volume of 354,649 shares. The stock had previously closed at $10.98.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on BWLP

BW LPG Stock Performance

The firm has a market cap of $1.43 billion and a P/E ratio of 4.09. 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 $12.06 and its 200 day moving average is $12.91.

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

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 15.46%. The ex-dividend date is Monday, March 10th. BW LPG’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On BW LPG

Several large investors have recently made changes to their positions in BWLP. Mackenzie Financial Corp boosted its stake in BW LPG by 76.7% in the 4th quarter. Mackenzie Financial Corp now owns 87,906 shares of the company’s stock worth $999,000 after purchasing an additional 38,144 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of BW LPG by 9.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 36,360 shares of the company’s stock valued at $401,000 after purchasing an additional 3,022 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of BW LPG by 33.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,564 shares of the company’s stock worth $802,000 after buying an additional 17,573 shares during the period. Two Sigma Investments LP grew its holdings in shares of BW LPG by 202.4% during the fourth quarter. Two Sigma Investments LP now owns 113,018 shares of the company’s stock worth $1,284,000 after buying an additional 75,647 shares in the last quarter. Finally, Millennium Management LLC raised its position in BW LPG by 283.6% in the 4th quarter. Millennium Management LLC now owns 65,179 shares of the company’s stock valued at $740,000 after buying an additional 48,188 shares during the last quarter.

BW LPG Company Profile

(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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