BW LPG Limited (NYSE:BWLP) Sees Large Decline in Short Interest

BW LPG Limited (NYSE:BWLP) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,080,000 shares, a drop of 21.7% from the March 15th total of 1,380,000 shares. Based on an average daily volume of 499,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.3% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

BW LPG Stock Performance

Shares of NYSE:BWLP traded down $0.07 during trading on Monday, hitting $9.41. 221,204 shares of the company traded hands, compared to its average volume of 369,923. The stock has a market capitalization of $1.24 billion and a price-to-earnings ratio of 3.54. BW LPG has a one year low of $7.86 and a one year high of $22.31. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $10.87 and its 200-day moving average is $11.98.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.

BW LPG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 17.85%. The ex-dividend date was Monday, March 10th. BW LPG’s dividend payout ratio is currently 63.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new position in BW LPG in the 3rd quarter valued at about $219,000. Jane Street Group LLC acquired a new stake in BW LPG in the third quarter worth approximately $305,000. Public Employees Retirement System of Ohio bought a new position in BW LPG during the 3rd quarter valued at $476,000. Avior Wealth Management LLC boosted its stake in BW LPG by 98.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock valued at $67,000 after buying an additional 2,902 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in BW LPG by 30.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company’s stock worth $321,000 after acquiring an additional 6,601 shares in the last quarter.

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.