Short Interest in BW LPG Limited (NYSE:BWLP) Rises By 45.2%

BW LPG Limited (NYSE:BWLP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,380,000 shares, an increase of 45.2% from the February 28th total of 950,500 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 481,100 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On BW LPG

A number of hedge funds have recently modified their holdings of BWLP. Bank of New York Mellon Corp increased its stake in BW LPG by 600.5% during the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after purchasing an additional 660,269 shares in the last quarter. Amundi raised its holdings in shares of BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after acquiring an additional 404,323 shares during the period. The Manufacturers Life Insurance Company bought a new stake in BW LPG in the 3rd quarter valued at $5,653,000. Boothbay Fund Management LLC acquired a new position in BW LPG in the 4th quarter worth $1,778,000. Finally, Citadel Advisors LLC acquired a new position in BW LPG in the 4th quarter worth $1,231,000.

BW LPG Trading Up 1.8 %

Shares of BWLP stock traded up $0.20 on Friday, reaching $11.22. The company had a trading volume of 259,394 shares, compared to its average volume of 359,661. The stock has a market cap of $1.48 billion and a PE ratio of 4.22. The company has a 50-day moving average of $11.91 and a 200-day moving average of $12.59. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. BW LPG has a 12 month low of $9.95 and a 12 month high of $22.31.

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

BW LPG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.42 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.68 annualized dividend and a dividend yield of 14.98%. BW LPG’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

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

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.