BW LPG (NYSE:BWLP) Shares Gap Down - Here's What Happened

BW LPG Limited (NYSE:BWLP - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.55, but opened at $10.18. BW LPG shares last traded at $10.19, with a volume of 186,930 shares trading hands.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

BW LPG Stock Down 4.7 %

The business has a fifty day moving average price of $10.56 and a two-hundred day moving average price of $11.78. The firm has a market cap of $1.32 billion and a PE ratio of 3.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

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

BW LPG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.42 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 16.71%. BW LPG's payout ratio is 63.16%.

Hedge Funds Weigh In On BW LPG

Several institutional investors and hedge funds have recently modified their holdings of BWLP. Mackenzie Financial Corp boosted its position in BW LPG by 76.7% during the fourth quarter. Mackenzie Financial Corp now owns 87,906 shares of the company's stock valued at $999,000 after purchasing an additional 38,144 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of BW LPG by 9.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 36,360 shares of the company's stock valued at $401,000 after buying an additional 3,022 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of BW LPG by 33.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,564 shares of the company's stock valued at $802,000 after buying an additional 17,573 shares in the last quarter. Two Sigma Investments LP increased its holdings in BW LPG by 202.4% in the fourth quarter. Two Sigma Investments LP now owns 113,018 shares of the company's stock worth $1,284,000 after buying an additional 75,647 shares during the last quarter. Finally, Millennium Management LLC raised its position in BW LPG by 283.6% during the fourth quarter. Millennium Management LLC now owns 65,179 shares of the company's stock valued at $740,000 after acquiring an additional 48,188 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.