BW LPG (NYSE:BWLP) Shares Gap Down – Time to Sell?

BW LPG Limited (NYSE:BWLP)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $12.86, but opened at $12.46. BW LPG shares last traded at $12.57, with a volume of 108,737 shares trading hands.

BW LPG Stock Performance

The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $11.92 and its 200-day simple moving average is $14.10.

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 13.53%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BWLP. Assenagon Asset Management S.A. acquired a new stake in shares of BW LPG during the third quarter worth $11,827,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in BW LPG in the 2nd quarter worth about $12,196,000. The Manufacturers Life Insurance Company purchased a new stake in BW LPG in the 3rd quarter valued at about $5,653,000. DekaBank Deutsche Girozentrale increased its stake in shares of BW LPG by 33.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock valued at $740,000 after acquiring an additional 12,622 shares during the last quarter. Finally, Glenorchy Capital Ltd purchased a new position in shares of BW LPG during the 3rd quarter worth about $712,000.

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.