BW LPG Limited (NYSE:BWLP) Sees Significant Increase in Short Interest

BW LPG Limited (NYSE:BWLP) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,415,665 shares, a growth of 231.5% from the June 15th total of 427,049 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 453,792 shares, the days-to-cover ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWLP. Wall Street Zen downgraded shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Finally, Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

BW LPG Trading Up 4.1%

BWLP stock traded up $0.83 during mid-day trading on Tuesday, reaching $20.96. The company’s stock had a trading volume of 508,532 shares, compared to its average volume of 438,082. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.81 and a beta of 1.29. The business’s 50 day moving average price is $19.99 and its 200 day moving average price is $17.51. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. BW LPG has a 12 month low of $11.72 and a 12 month high of $22.92.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. The firm had revenue of $838.89 million for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

BW LPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were given a dividend of $6.196 per share. This represents a $24.78 dividend on an annualized basis and a dividend yield of 118.2%. The ex-dividend date was Friday, June 12th. This is a boost from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s dividend payout ratio is presently 112.61%.

Institutional Investors Weigh In On BW LPG

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of BW LPG during the third quarter valued at about $36,000. Global Retirement Partners LLC acquired a new stake in shares of BW LPG in the 4th quarter valued at about $43,000. Raymond James Financial Inc. bought a new stake in BW LPG in the 2nd quarter valued at about $47,000. BNP Paribas Financial Markets bought a new stake in BW LPG in the 3rd quarter valued at about $62,000. Finally, Blue Trust Inc. acquired a new position in BW LPG during the 1st quarter worth approximately $65,000.

BW LPG Company Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.