BW LPG (NYSE:BWLP) Sees Large Volume Increase – Here’s What Happened

BW LPG Limited (NYSE:BWLP) saw an uptick in trading volume on Wednesday . 167,822 shares changed hands during trading, a decline of 12% from the previous session’s volume of 190,928 shares.The stock last traded at $11.90 and had previously closed at $12.06.

BW LPG Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $13.72 and its two-hundred day moving average is $15.67.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 14.20%.

Hedge Funds Weigh In On BW LPG

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of BW LPG during the third quarter worth approximately $476,000. XTX Topco Ltd grew its position in shares of BW LPG by 75.1% during the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after acquiring an additional 11,013 shares during the last quarter. Jane Street Group LLC purchased a new position in BW LPG in the 3rd quarter valued at $305,000. HighTower Advisors LLC purchased a new position in BW LPG in the 3rd quarter valued at $219,000. Finally, Centiva Capital LP purchased a new position in BW LPG in the 3rd quarter valued at $183,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.