BW LPG (NYSE:BWLP) Shares Gap Down – Should You Sell?

BW LPG Limited (NYSE:BWLP) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.95, but opened at $14.39. BW LPG shares last traded at $14.44, with a volume of 57,689 shares trading hands.

BW LPG Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63. The firm’s 50 day simple moving average is $15.12.

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

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 16.17%. The ex-dividend date was Tuesday, September 10th.

Institutional Trading of BW LPG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in BW LPG in the 2nd quarter valued at $280,000. Optimum Investment Advisors increased its holdings in BW LPG by 644.0% in the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after acquiring an additional 16,100 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in BW LPG in the 3rd quarter valued at $312,000. Susquehanna International Group Ltd. bought a new stake in BW LPG in the 2nd quarter valued at $441,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in BW LPG in the 2nd quarter valued at $594,000.

About BW LPG

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.