BW LPG (NYSE:BWLP) Stock Price Down 4.5% – Time to Sell?

BW LPG Limited (NYSE:BWLP) traded down 4.5% on Thursday . The company traded as low as $19.55 and last traded at $19.2350. 204,826 shares changed hands during trading, a decline of 53% from the average daily volume of 432,987 shares. The stock had previously closed at $20.15.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BWLP. Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded BW LPG from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

BW LPG Stock Down 6.2%

The company has a market capitalization of $2.86 billion, a PE ratio of 7.94 and a beta of 1.29. The stock’s fifty day moving average is $19.99 and its two-hundred day moving average is $17.36. 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 (NYSE:BWLP) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.08 EPS for the quarter. The business had revenue of $838.89 million for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

BW LPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were given a $6.196 dividend. This represents a $24.78 dividend on an annualized basis and a dividend yield of 131.1%. This is a boost from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 12th. BW LPG’s dividend payout ratio (DPR) is 112.61%.

Institutional Investors Weigh In On BW LPG

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in shares of BW LPG by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock valued at $26,704,000 after purchasing an additional 579,987 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in BW LPG in the 1st quarter worth approximately $9,646,000. Fearnley Asset Management AS purchased a new stake in BW LPG in the fourth quarter worth approximately $5,388,000. Millennium Management LLC purchased a new stake in BW LPG in the fourth quarter worth approximately $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in BW LPG by 115,776.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after acquiring an additional 203,766 shares during 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.