BW LPG (NYSE:BWLP) Sees Strong Trading Volume – Here’s What Happened

Shares of BW LPG Limited (NYSE:BWLP) saw unusually-strong trading volume on Wednesday . Approximately 411,433 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 415,422 shares.The stock last traded at $23.55 and had previously closed at $24.21.

Analyst Ratings Changes

Several analysts have issued reports on BWLP shares. Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

BW LPG Trading Down 1.4%

The business has a 50 day moving average of $21.28 and a two-hundred day moving average of $19.53. The firm has a market cap of $3.61 billion, a P/E ratio of 8.10 and a beta of 0.99. The company has a current ratio of 1.44, a quick ratio of 1.29 and a debt-to-equity ratio of 0.32.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Saturday, August 29th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $318.01 million. BW LPG had a return on equity of 22.48% and a net margin of 12.64%.

BW LPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 8th will be issued a dividend of $8.8914 per share. This represents a $35.57 annualized dividend and a dividend yield of 149.0%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a positive change from BW LPG’s previous quarterly dividend of $6.20. BW LPG’s payout ratio is presently 91.16%.

Institutional Trading of BW LPG

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

About BW LPG

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.