BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,415,665 shares, a growth of 231.5% from the June 15th total of 427,049 shares. Based on an average daily volume of 453,792 shares, the short-interest ratio is currently 3.1 days. Currently, 0.9% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of BW LPG by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after buying an additional 35,066 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of BW LPG by 506.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock worth $731,000 after acquiring an additional 42,736 shares during the last quarter. UBS Group AG lifted its stake in shares of BW LPG by 14.9% during the 4th quarter. UBS Group AG now owns 299,497 shares of the company’s stock worth $3,923,000 after acquiring an additional 38,850 shares during the last quarter. Fearnley Asset Management AS purchased a new position in BW LPG during the 4th quarter valued at $5,388,000. Finally, U S Global Investors Inc. boosted its holdings in BW LPG by 191.6% during the 1st quarter. U S Global Investors Inc. now owns 49,708 shares of the company’s stock valued at $880,000 after acquiring an additional 32,659 shares during the period.

BW LPG Stock Up 4.1%

Shares of NYSE:BWLP opened at $20.96 on Wednesday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.81 and a beta of 1.29. BW LPG has a 12 month low of $11.72 and a 12 month high of $22.92. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $19.99 and a 200 day moving average price of $17.57.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. The company 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were given a $6.196 dividend. This is a boost from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 dividend on an annualized basis and a yield of 118.2%. The ex-dividend date was Friday, June 12th. BW LPG’s dividend payout ratio is 112.61%.

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.