Short Interest in BW LPG Limited (NYSE:BWLP) Decreases By 43.3%

BW LPG Limited (NYSE:BWLP) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 675,430 shares, a drop of 43.3% from the January 29th total of 1,191,693 shares. Based on an average daily volume of 330,820 shares, the short-interest ratio is presently 2.0 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 330,820 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BWLP shares. Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BW LPG presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On BW LPG

A number of hedge funds and other institutional investors have recently made changes to their positions in BWLP. Advisory Services Network LLC bought a new stake in BW LPG in the third quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new position in shares of BW LPG in the 4th quarter worth approximately $43,000. Raymond James Financial Inc. bought a new stake in shares of BW LPG in the 2nd quarter valued at $47,000. BNP Paribas Financial Markets acquired a new stake in shares of BW LPG during the third quarter worth $62,000. Finally, Optiver Holding B.V. raised its stake in BW LPG by 99.3% during the third quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock worth $65,000 after buying an additional 2,263 shares during the last quarter.

BW LPG Trading Up 2.2%

NYSE:BWLP traded up $0.40 during mid-day trading on Friday, hitting $18.24. 178,300 shares of the company’s stock were exchanged, compared to its average volume of 283,947. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $18.35. The company has a current ratio of 1.47, a quick ratio of 1.24 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.76 billion and a P/E ratio of 16.14. The company has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $14.18.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The business had revenue of $279.98 million for the quarter, compared to analyst estimates of $242.92 million. BW LPG had a return on equity of 8.78% and a net margin of 4.57%.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 12th were given a $0.40 dividend. This is a boost from BW LPG’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.8%. BW LPG’s dividend payout ratio is presently 141.59%.

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.