Short Interest in BW LPG Limited (NYSE:BWLP) Increases By 231.5%

BW LPG Limited (NYSE:BWLP) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,415,665 shares, an increase 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 trading volume, of 453,792 shares, the days-to-cover ratio is presently 3.1 days.

BW LPG Stock Performance

Shares of NYSE:BWLP opened at $19.71 on Monday. The firm has a market capitalization of $2.98 billion, a PE ratio of 8.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29. The business has a 50-day moving average of $19.98 and a two-hundred day moving average of $17.45. BW LPG has a 12 month low of $11.72 and a 12 month high of $22.92.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. The business 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $6.196 dividend. The ex-dividend date was Friday, June 12th. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 annualized dividend and a yield of 125.8%. BW LPG’s payout ratio is 112.61%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Pareto Securities downgraded 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On BW LPG

Several institutional investors have recently bought and sold shares of BWLP. Ameriprise Financial Inc. increased its position in shares of BW LPG by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock worth $26,704,000 after acquiring an additional 579,987 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of BW LPG during the 1st quarter valued at $9,646,000. Fearnley Asset Management AS purchased a new stake in BW LPG during the 4th quarter worth $5,388,000. Millennium Management LLC acquired a new stake in BW LPG in the 4th quarter valued at $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in BW LPG by 115,776.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after purchasing an additional 203,766 shares during the period.

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.