BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 675,430 shares, a drop of 43.3% from the January 29th total of 1,191,693 shares. Based on an average daily trading volume, of 330,820 shares, the short-interest ratio is currently 2.0 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 330,820 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in BW LPG during the third quarter worth about $36,000. Global Retirement Partners LLC bought a new stake in shares of BW LPG during the 4th quarter worth approximately $43,000. Raymond James Financial Inc. bought a new stake in shares of BW LPG during the 2nd quarter worth approximately $47,000. BNP Paribas Financial Markets acquired a new stake in shares of BW LPG during the 3rd quarter worth approximately $62,000. Finally, Optiver Holding B.V. increased its stake in BW LPG by 99.3% in the third quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after acquiring an additional 2,263 shares during the last quarter.

BW LPG Stock Performance

Shares of BWLP stock traded up $0.40 on Friday, hitting $18.24. The company’s stock had a trading volume of 178,300 shares, compared to its average volume of 308,354. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.47. The stock’s 50 day moving average is $14.98 and its 200-day moving average is $14.19. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $18.35. The company has a market capitalization of $2.76 billion and a PE ratio of 16.14.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.19). BW LPG had a return on equity of 8.78% and a net margin of 4.57%.The business had revenue of $279.98 million during the quarter, compared to analyst estimates of $242.92 million.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.60 annualized dividend and a yield of 8.8%. This is a boost from BW LPG’s previous quarterly dividend of $0.22. BW LPG’s payout ratio is presently 141.59%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BWLP. Weiss Ratings restated a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

BW LPG Company Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.