BW LPG Limited (NYSE:BWLP) Short Interest Down 30.9% in February

BW LPG Limited (NYSE:BWLP) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 466,966 shares, a decrease of 30.9% from the February 12th total of 675,430 shares. Based on an average daily trading volume, of 263,414 shares, the short-interest ratio is presently 1.8 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 263,414 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On BW LPG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in shares of BW LPG by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock worth $26,704,000 after buying an additional 579,987 shares in the last quarter. Fearnley Asset Management AS bought a new position in shares of BW LPG in the fourth quarter valued at approximately $5,388,000. Millennium Management LLC acquired a new position in shares of BW LPG during the fourth quarter valued at approximately $5,027,000. Skandinaviska Enskilda Banken AB publ raised its holdings in BW LPG by 115,776.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock worth $2,549,000 after purchasing an additional 203,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in BW LPG by 41.4% during the second quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after purchasing an additional 164,057 shares in the last quarter.

BW LPG Stock Performance

BWLP stock traded down $1.11 on Friday, reaching $13.59. The company’s stock had a trading volume of 445,768 shares, compared to its average volume of 383,096. BW LPG has a 52 week low of $7.86 and a 52 week high of $18.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.50 and a quick ratio of 1.21. The company has a market capitalization of $2.06 billion and a P/E ratio of 8.49. The firm has a fifty day moving average of $15.78 and a two-hundred day moving average of $14.30.

BW LPG (NYSE:BWLP) last announced its earnings results on Tuesday, March 3rd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.The firm had revenue of $732.40 million for the quarter, compared to the consensus estimate of $217.18 million.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be paid a dividend of $5.4297 per share. This is an increase from BW LPG’s previous quarterly dividend of $0.40. This represents a $21.72 dividend on an annualized basis and a dividend yield of 159.9%. The ex-dividend date is Friday, March 13th. BW LPG’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BWLP shares. Kepler Capital Markets cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Dnb Carnegie cut shares of BW LPG from a “hold” rating to a “strong sell” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.