BW LPG (NYSE:BWLP) Sees Strong Trading Volume – Here’s What Happened

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 Stock Performance

The stock has a 50 day simple moving average of $13.89 and a 200 day simple moving average of $15.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63.

Institutional Trading of BW LPG

A number of institutional investors and hedge funds have recently made changes to their positions in BWLP. Bank of New York Mellon Corp acquired a new stake in shares of BW LPG in the 2nd quarter valued at $2,365,000. Allspring Global Investments Holdings LLC bought a new position in BW LPG in the second quarter valued at about $594,000. Acadian Asset Management LLC acquired a new position in BW LPG during the second quarter worth about $56,598,000. Jupiter Asset Management Ltd. bought a new position in shares of BW LPG in the second quarter worth about $2,050,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of BW LPG in the 2nd quarter valued at approximately $698,000.

About BW LPG

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.