BW LPG (NYSE:BWLP) Stock Price Up 4%

Shares of BW LPG Limited (NYSE:BWLP) rose 4% during mid-day trading on Tuesday . The stock traded as high as $15.08 and last traded at $14.98. Approximately 128,923 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 157,534 shares. The stock had previously closed at $14.40.

BW LPG Stock Up 7.6 %

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 business has a 50 day moving average of $15.22.

BW LPG (NYSE:BWLP) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.32 annualized dividend and a yield of 14.98%.

Institutional Investors Weigh In On BW LPG

Several institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in BW LPG during the 2nd quarter valued at $56,598,000. Skandinaviska Enskilda Banken AB publ bought a new stake in BW LPG in the second quarter worth about $12,196,000. Bank of New York Mellon Corp purchased a new position in shares of BW LPG during the second quarter valued at approximately $2,365,000. Jupiter Asset Management Ltd. purchased a new stake in shares of BW LPG in the second quarter worth approximately $2,050,000. Finally, DekaBank Deutsche Girozentrale bought a new position in BW LPG in the 2nd quarter valued at $698,000.

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.