BW LPG (NYSE:BWLP) Shares Gap Down – Here’s What Happened

BW LPG Limited (NYSE:BWLP) gapped down prior to trading on Friday . The stock had previously closed at $13.33, but opened at $12.95. BW LPG shares last traded at $12.95, with a volume of 109,576 shares.

BW LPG Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45. The stock’s fifty day simple moving average is $14.12.

BW LPG (NYSE:BWLP) last posted its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The company had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 17.82%. The ex-dividend date of this dividend was Tuesday, September 10th.

Institutional Investors Weigh In On BW LPG

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in BW LPG in the second quarter valued at about $2,365,000. Allspring Global Investments Holdings LLC acquired a new stake in BW LPG in the 2nd quarter worth approximately $594,000. Acadian Asset Management LLC purchased a new stake in BW LPG during the 2nd quarter worth approximately $56,598,000. Jupiter Asset Management Ltd. purchased a new stake in BW LPG during the 2nd quarter worth approximately $2,050,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in BW LPG during the 2nd quarter valued at approximately $698,000.

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.