BW LPG (NYSE:BWLP) Shares Gap Down – Time to Sell?

BW LPG Limited (NYSE:BWLP) shares gapped down prior to trading on Monday . The stock had previously closed at $10.89, but opened at $10.64. BW LPG shares last traded at $10.70, with a volume of 141,035 shares changing hands.

BW LPG Price Performance

The company has a 50 day moving average price of $12.94 and a 200 day moving average price of $15.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be paid a $0.42 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.41%.

Hedge Funds Weigh In On BW LPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWLP. Glenorchy Capital Ltd bought a new position in BW LPG in the 3rd quarter worth about $712,000. Acadian Asset Management LLC bought a new position in shares of BW LPG during the second quarter valued at about $56,598,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of BW LPG during the second quarter valued at approximately $698,000. Assenagon Asset Management S.A. purchased a new stake in BW LPG during the 3rd quarter valued at $11,827,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in BW LPG during the 2nd quarter valued at about $12,196,000.

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.