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

BW LPG Limited (NYSE:BWLP) shares reached a new 52-week low on Friday . The stock traded as low as $8.74 and last traded at $8.85, with a volume of 77924 shares traded. The stock had previously closed at $10.23.

Wall Street Analyst Weigh In

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

BW LPG Stock Performance

The business has a 50-day simple moving average of $11.74 and a 200 day simple moving average of $12.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The firm has a market cap of $1.15 billion and a PE ratio of 3.27.

BW LPG (NYSE:BWLP) last released its 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 firm had revenue of $127.57 million during the quarter, compared to analysts’ expectations of $183.00 million.

BW LPG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 19.30%. The ex-dividend date was Monday, March 10th. BW LPG’s dividend payout ratio (DPR) is 63.16%.

Institutional Investors Weigh In On BW LPG

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of BW LPG in the fourth quarter worth about $26,000. Avior Wealth Management LLC lifted its holdings in shares of BW LPG by 98.0% in the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock worth $67,000 after buying an additional 2,902 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of BW LPG by 101,928.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after acquiring an additional 7,135 shares during the last quarter. SIH Partners LLLP purchased a new position in BW LPG during the fourth quarter valued at $114,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in BW LPG in the 4th quarter valued at $138,000.

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.