BW LPG (NYSE:BWLP) Sees Strong Trading Volume – Here’s What Happened

Posted by Joseph Casey on Jan 16th, 2025

BW LPG Limited (NYSE:BWLP – Get Free Report) shares saw an uptick in trading volume on Thursday . 351,196 shares traded hands during trading, a decline of 27% from the previous session’s volume of 484,092 shares.The stock last traded at $12.91 and had previously closed at $13.09.

BW LPG Trading Down 2.2 %

The stock’s 50-day simple moving average is $11.93 and its 200 day simple moving average is $14.10. 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 declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 12th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 13.12%. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BWLP. DekaBank Deutsche Girozentrale purchased a new stake in BW LPG during the second quarter worth approximately $698,000. XTX Topco Ltd acquired a new position in shares of BW LPG in the 2nd quarter valued at $280,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of BW LPG in the 2nd quarter valued at $12,196,000. Susquehanna International Group Ltd. purchased a new position in shares of BW LPG in the 2nd quarter valued at $441,000. Finally, Exchange Traded Concepts LLC acquired a new stake in BW LPG during the 3rd quarter worth $312,000.

BW LPG Company Profile

(Get Free Report)

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.