BW LPG (NYSE:BWLP) Sees Strong Trading Volume – What’s Next?

Shares of BW LPG Limited (NYSE:BWLP) saw strong trading volume on Tuesday . 311,426 shares were traded during trading, a decline of 25% from the previous session’s volume of 415,435 shares.The stock last traded at $17.5350 and had previously closed at $16.52.

Analyst Ratings Changes

A number of research firms have recently weighed in on BWLP. Kepler Capital Markets downgraded BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Clarkson Capital raised BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. Finally, Dnb Carnegie downgraded shares of BW LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

BW LPG Trading Up 5.4%

The business has a 50 day moving average of $16.25 and a two-hundred day moving average of $14.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.50. The firm has a market capitalization of $2.64 billion and a price-to-earnings ratio of 10.89.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. BW LPG had a net margin of 6.76% and a return on equity of 12.61%. The business had revenue of $732.40 million during the quarter, compared to analyst estimates of $217.18 million.

BW LPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were given a dividend of $0.5652 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from BW LPG’s previous quarterly dividend of $0.40. This represents a $2.26 annualized dividend and a dividend yield of 13.0%. BW LPG’s payout ratio is presently 142.50%.

Hedge Funds Weigh In On BW LPG

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of BW LPG by 1.0% in the fourth 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 last quarter. 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 worth $36,131,000 after buying an additional 272,882 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BW LPG by 8.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,760 shares of the company’s stock valued at $16,413,000 after buying an additional 113,275 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in BW LPG by 41.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock valued at $6,613,000 after acquiring an additional 164,057 shares in the last quarter. Finally, Fearnley Asset Management AS purchased a new position in BW LPG during the 4th quarter worth $5,388,000.

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.