BW LPG (NYSE:BWLP) Trading Down 2.5% – Should You Sell?

BW LPG Limited (NYSE:BWLP) was down 2.5% during mid-day trading on Friday . The company traded as low as $10.73 and last traded at $10.71. Approximately 75,754 shares were traded during trading, a decline of 79% from the average daily volume of 354,649 shares. The stock had previously closed at $10.98.

Wall Street Analysts Forecast Growth

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

BW LPG Price Performance

The company has a market cap of $1.43 billion and a price-to-earnings ratio of 4.08. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $12.04 and its two-hundred day moving average price is $12.85.

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

BW LPG Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.46%. The ex-dividend date of this dividend is Monday, March 10th. BW LPG’s dividend payout ratio is presently 63.16%.

Institutional Trading of BW LPG

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of BW LPG in the fourth quarter worth $26,000. Avior Wealth Management LLC bought a new stake in shares of BW LPG in the third quarter worth $43,000. Tower Research Capital LLC TRC lifted its position in shares of BW LPG by 101,928.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after purchasing an additional 7,135 shares in the last quarter. SIH Partners LLLP bought a new stake in shares of BW LPG in the fourth quarter worth $114,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of BW LPG in the fourth quarter worth $138,000.

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.