BW LPG (NYSE:BWLP) Sees Large Volume Increase – Time to Buy?

BW LPG Limited (NYSE:BWLP) shares saw unusually-high trading volume on Wednesday . Approximately 120,100 shares were traded during trading, a decline of 35% from the previous session’s volume of 183,977 shares.The stock last traded at $12.31 and had previously closed at $12.83.

BW LPG Trading Down 3.8 %

The stock’s fifty day moving average price is $13.89 and its 200-day moving average price is $15.81. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently bought and sold shares of BWLP. Avior Wealth Management LLC acquired a new position in shares of BW LPG during the 3rd quarter worth approximately $43,000. Centiva Capital LP bought a new position in shares of BW LPG in the third quarter valued at about $183,000. Plato Investment Management Ltd acquired a new stake in shares of BW LPG during the 3rd quarter worth about $207,000. HighTower Advisors LLC bought a new stake in shares of BW LPG during the 3rd quarter worth about $219,000. Finally, Optimum Investment Advisors grew its stake in BW LPG by 644.0% in the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after buying an additional 16,100 shares during the last quarter.

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.