BW LPG Limited (NYSE:BWLP - Get Free Report)'s share price shot up 4.5% during mid-day trading on Tuesday . The company traded as high as $12.32 and last traded at $12.42. 88,001 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 391,214 shares. The stock had previously closed at $11.88.
BW LPG Stock Performance
The firm has a market cap of $1.59 billion and a P/E ratio of 6.41. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. The business's fifty day simple moving average is $10.71 and its 200-day simple moving average is $11.18.
BW LPG (NYSE:BWLP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.09. BW LPG had a net margin of 7.63% and a return on equity of 14.58%. The business had revenue of $158.70 million for the quarter, compared to analyst estimates 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 $0.28 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 10.6%. BW LPG's dividend payout ratio is 59.26%.
Institutional Investors Weigh In On BW LPG
Several institutional investors and hedge funds have recently modified their holdings of BWLP. SBI Securities Co. Ltd. purchased a new position in BW LPG during the 4th quarter valued at about $26,000. Jane Street Group LLC lifted its position in BW LPG by 111.4% during the 4th quarter. Jane Street Group LLC now owns 45,132 shares of the company's stock valued at $497,000 after acquiring an additional 23,785 shares during the period. Citadel Advisors LLC purchased a new position in BW LPG during the 4th quarter valued at about $1,231,000. Amundi lifted its position in BW LPG by 22.4% during the 4th quarter. Amundi now owns 2,208,258 shares of the company's stock valued at $25,152,000 after acquiring an additional 404,323 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BW LPG by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company's stock valued at $8,751,000 after acquiring an additional 75,699 shares during the period.
BW LPG Company Profile
(
Get Free Report)
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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