Short Interest in BW LPG Limited (NYSE:BWLP) Decreases By 54.1%

BW LPG Limited (NYSE:BWLP) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 509,791 shares, a decline of 54.1% from the July 15th total of 1,111,253 shares. Based on an average trading volume of 296,010 shares, the short-interest ratio is currently 1.7 days. Approximately 0.3% of the company’s stock are sold short.

BW LPG Stock Performance

BWLP stock traded up $0.50 on Monday, hitting $23.12. The company had a trading volume of 167,811 shares, compared to its average volume of 414,485. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. BW LPG has a 12-month low of $11.72 and a 12-month high of $23.33. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 9.71 and a beta of 0.98. The stock’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $18.84.

BW LPG (NYSE:BWLP) last announced its earnings results on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%. The business had revenue of $838.89 million during the quarter.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were given a $6.196 dividend. The ex-dividend date was Friday, June 12th. This is a boost from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 annualized dividend and a yield of 107.2%. BW LPG’s payout ratio is 112.61%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BWLP. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Weiss Ratings upgraded BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWLP. Vanguard Group Inc. raised its holdings in BW LPG by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after purchasing an additional 35,066 shares during the period. Ameriprise Financial Inc. grew its holdings in BW LPG by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 2,530,196 shares of the company’s stock valued at $36,131,000 after purchasing an additional 272,882 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BW LPG by 8.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,760 shares of the company’s stock worth $16,413,000 after buying an additional 113,275 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in BW LPG by 41.4% in the second quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after buying an additional 164,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of BW LPG in the first quarter worth about $9,646,000.

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.