BW LPG (NYSE:BWLP) Sees Large Volume Increase – Here’s Why

Shares of BW LPG Limited (NYSE:BWLP) saw unusually-strong trading volume on Wednesday . Approximately 176,479 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 211,182 shares.The stock last traded at $10.45 and had previously closed at $10.24.

BW LPG Trading Up 2.2 %

The company has a 50-day moving average of $12.94 and a two-hundred day moving average of $15.17. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.05%.

Institutional Trading of BW LPG

A number of hedge funds and other institutional investors have recently modified their holdings of BWLP. Avior Wealth Management LLC purchased a new position in shares of BW LPG during the 3rd quarter valued at $43,000. XTX Topco Ltd raised its holdings in BW LPG by 75.1% during the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock valued at $370,000 after acquiring an additional 11,013 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of BW LPG by 33.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock valued at $740,000 after acquiring an additional 12,622 shares in the last quarter. Centiva Capital LP bought a new position in shares of BW LPG in the third quarter worth about $183,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of BW LPG during the third quarter worth about $207,000.

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.