BW LPG (NYSE:BWLP) Hits New 52-Week Low – Here’s What Happened

BW LPG Limited (NYSE:BWLP) shares reached a new 52-week low during trading on Friday . The stock traded as low as $8.74 and last traded at $8.85, with a volume of 77924 shares. The stock had previously closed at $10.23.

Analyst Upgrades and Downgrades

Separately, Pareto Securities upgraded BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

BW LPG Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The company has a market cap of $1.15 billion and a PE ratio of 3.27. The business has a 50 day moving average of $11.74 and a 200 day moving average of $12.46.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to analysts’ expectations of $183.00 million.

BW LPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.68 annualized dividend and a dividend yield of 19.30%. BW LPG’s payout ratio is presently 63.16%.

Institutional Trading of BW LPG

Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in shares of BW LPG by 76.7% during the 4th quarter. Mackenzie Financial Corp now owns 87,906 shares of the company’s stock valued at $999,000 after buying an additional 38,144 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in BW LPG by 9.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 36,360 shares of the company’s stock valued at $401,000 after acquiring an additional 3,022 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BW LPG by 33.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,564 shares of the company’s stock valued at $802,000 after acquiring an additional 17,573 shares during the period. Two Sigma Investments LP boosted its position in BW LPG by 202.4% in the fourth quarter. Two Sigma Investments LP now owns 113,018 shares of the company’s stock worth $1,284,000 after purchasing an additional 75,647 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of BW LPG by 283.6% during the 4th quarter. Millennium Management LLC now owns 65,179 shares of the company’s stock valued at $740,000 after purchasing an additional 48,188 shares during the period.

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.