Short Interest in BW LPG Limited (NYSE:BWLP) Increases By 26.5%

BW LPG Limited (NYSE:BWLP - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,720,000 shares, an increase of 26.5% from the May 15th total of 1,360,000 shares. Currently, 2.1% of the company's shares are short sold. Based on an average daily volume of 438,400 shares, the short-interest ratio is presently 3.9 days.

BW LPG Trading Down 1.2%

Shares of NYSE:BWLP traded down $0.15 on Friday, hitting $12.11. 490,520 shares of the company's stock were exchanged, compared to its average volume of 399,050. The stock has a market capitalization of $1.59 billion and a price-to-earnings ratio of 6.41. BW LPG has a 12 month low of $7.86 and a 12 month high of $19.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.22 and a quick ratio of 1.06. The business's 50 day simple moving average is $10.71 and its two-hundred day simple moving average is $11.17.

BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. BW LPG had a net margin of 7.63% and a return on equity of 14.58%. The company had revenue of $158.70 million for the quarter, compared to the consensus estimate of $183.96 million.

BW LPG Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a dividend of $0.28 per share. This represents a dividend yield of 10.6%. The ex-dividend date of this dividend was Friday, May 30th. BW LPG's dividend payout ratio (DPR) is presently 59.26%.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in BW LPG in the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of BW LPG by 101,928.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock worth $81,000 after buying an additional 7,135 shares during the period. SIH Partners LLLP bought a new position in shares of BW LPG during the 4th quarter worth $114,000. D. E. Shaw & Co. Inc. purchased a new position in shares of BW LPG during the fourth quarter valued at $138,000. Finally, Aristides Capital LLC purchased a new position in shares of BW LPG during the first quarter valued at $162,000.

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.