BW LPG (NYSE:BWLP) Reaches New 12-Month Low – Here’s What Happened

BW LPG Limited (NYSE:BWLP)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.24 and last traded at $10.24, with a volume of 20810 shares changing hands. The stock had previously closed at $10.51.

BW LPG Stock Performance

The firm’s 50 day simple moving average is $12.85 and its 200 day simple moving average is $15.13. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

BW LPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 12th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.47%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On BW LPG

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of BW LPG in the third quarter worth about $476,000. XTX Topco Ltd increased its position in shares of BW LPG by 75.1% during the 3rd quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after purchasing an additional 11,013 shares during the last quarter. Jane Street Group LLC acquired a new position in BW LPG during the 3rd quarter worth about $305,000. HighTower Advisors LLC purchased a new position in BW LPG in the 3rd quarter valued at approximately $219,000. Finally, Centiva Capital LP acquired a new position in shares of BW LPG during the third quarter worth about $183,000.

BW LPG Company Profile

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.