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

BW LPG Limited (NYSE:BWLP - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.99, but opened at $10.73. BW LPG shares last traded at $10.71, with a volume of 131,206 shares trading hands.

Analyst Upgrades and Downgrades

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

BW LPG Stock Down 2.9%

The business has a 50 day moving average of $10.27 and a 200 day moving average of $11.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The firm has a market capitalization of $1.40 billion and a price-to-earnings ratio of 5.64.

BW LPG (NYSE:BWLP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.09. The firm had revenue of $158.70 million during the quarter, compared to analyst estimates of $183.96 million.

BW LPG Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 10.6%. BW LPG's dividend payout ratio is currently 59.26%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Intrua Financial LLC raised its stake in BW LPG by 8.0% during the first quarter. Intrua Financial LLC now owns 27,150 shares of the company's stock worth $295,000 after acquiring an additional 2,000 shares in the last quarter. Jane Street Group LLC raised its stake in BW LPG by 14.0% during the first quarter. Jane Street Group LLC now owns 51,463 shares of the company's stock worth $558,000 after acquiring an additional 6,331 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BW LPG by 61.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,282,485 shares of the company's stock worth $13,878,000 after acquiring an additional 489,246 shares in the last quarter. Amundi raised its stake in BW LPG by 38.1% during the first quarter. Amundi now owns 3,050,107 shares of the company's stock worth $31,203,000 after acquiring an additional 841,849 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company's stock worth $255,000 after acquiring an additional 22,922 shares in the last quarter.

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.

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