BW LPG Limited (NYSE:BWLP) Short Interest Down 15.4% in January

BW LPG Limited (NYSE:BWLP) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,191,693 shares, a decrease of 15.4% from the January 15th total of 1,409,281 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 446,700 shares, the days-to-cover ratio is currently 2.7 days. Based on an average trading volume of 446,700 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.9% of the shares of the stock are sold short.

BW LPG Stock Performance

Shares of BWLP stock opened at $16.73 on Monday. The company has a market capitalization of $2.20 billion and a P/E ratio of 14.81. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $17.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.47. The stock has a 50 day moving average price of $13.97 and a two-hundred day moving average price of $13.97.

BW LPG (NYSE:BWLP) last issued its earnings results on Tuesday, December 2nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). The firm had revenue of $279.98 million during the quarter, compared to analysts’ expectations of $242.92 million. BW LPG had a return on equity of 8.78% and a net margin of 4.57%.

BW LPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.6%. This is a positive change from BW LPG’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 12th. BW LPG’s payout ratio is currently 141.59%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BWLP. Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of BW LPG by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 251,070 shares of the company’s stock worth $3,295,000 after buying an additional 677 shares during the last quarter. Marex Group plc purchased a new stake in shares of BW LPG in the 4th quarter worth about $1,309,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of BW LPG by 115,776.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after purchasing an additional 203,766 shares in the last quarter. Swiss National Bank increased its position in shares of BW LPG by 1.7% during the fourth quarter. Swiss National Bank now owns 189,510 shares of the company’s stock valued at $2,481,000 after buying an additional 3,186 shares during the period. Finally, LPL Financial LLC raised its stake in BW LPG by 126.7% in the fourth quarter. LPL Financial LLC now owns 35,570 shares of the company’s stock worth $466,000 after buying an additional 19,878 shares in the last quarter.

BW LPG Company Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.