BW LPG (NYSE:BWLP) Shares Gap Down – Here’s What Happened

Shares of BW LPG Limited (NYSE:BWLP) gapped down before the market opened on Monday . The stock had previously closed at $13.55, but opened at $13.08. BW LPG shares last traded at $12.97, with a volume of 102,177 shares changing hands.

BW LPG Trading Down 2.7 %

The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $14.00 and a two-hundred day moving average price of $15.80.

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

Institutional Investors Weigh In On BW LPG

A number of institutional investors and hedge funds have recently made changes to their positions in BWLP. Bank of New York Mellon Corp bought a new position in BW LPG in the 2nd quarter worth about $2,365,000. Allspring Global Investments Holdings LLC purchased a new stake in BW LPG in the second quarter valued at approximately $594,000. Acadian Asset Management LLC purchased a new position in BW LPG in the 2nd quarter worth approximately $56,598,000. Jupiter Asset Management Ltd. bought a new position in shares of BW LPG in the 2nd quarter worth $2,050,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of BW LPG during 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.