Short Interest in BW LPG Limited (NYSE:BWLP) Declines By 15.4%

BW LPG Limited (NYSE:BWLP) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,191,693 shares, a decrease of 15.4% from the January 15th total of 1,409,281 shares. Based on an average trading volume of 446,700 shares, the short-interest ratio is presently 2.7 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 446,700 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On BW LPG

A number of institutional investors have recently added to or reduced their stakes in BWLP. Royal Bank of Canada raised its holdings in shares of BW LPG by 4,137.5% in the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after acquiring an additional 22,922 shares in the last quarter. Jane Street Group LLC raised its stake in BW LPG by 14.0% in the first quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock valued at $558,000 after purchasing an additional 6,331 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in BW LPG in the second quarter valued at approximately $142,000. Campbell & CO Investment Adviser LLC lifted its position in BW LPG by 290.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 50,157 shares of the company’s stock valued at $592,000 after purchasing an additional 37,295 shares during the last quarter. Finally, Intrua Financial LLC grew its stake in BW LPG by 14.7% in the 2nd quarter. Intrua Financial LLC now owns 31,150 shares of the company’s stock worth $369,000 after buying an additional 4,000 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BWLP shares. Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a research report on Wednesday, January 21st. Clarkson Capital raised BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

BW LPG Stock Up 1.3%

BWLP stock opened at $16.73 on Monday. The stock has a 50-day simple moving average of $13.97 and a two-hundred day simple moving average of $13.97. BW LPG has a twelve month low of $7.86 and a twelve month high of $17.18. The firm has a market capitalization of $2.20 billion and a PE ratio of 14.81. The company has a quick ratio of 1.24, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The firm had revenue of $279.98 million during the quarter, compared to the consensus estimate of $242.92 million. BW LPG had a net margin of 4.57% and a return on equity of 8.78%.

BW LPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.6%. This is a boost from BW LPG’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 12th. BW LPG’s dividend payout ratio (DPR) is 141.59%.

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.