Jump Financial LLC Buys Shares of 19,082 Golar LNG Limited (NASDAQ:GLNG)

Jump Financial LLC purchased a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,082 shares of the shipping company's stock, valued at approximately $808,000.

Other large investors also recently bought and sold shares of the company. Discovery Capital Management LLC CT acquired a new stake in Golar LNG during the 4th quarter valued at $17,719,000. Invesco Ltd. grew its stake in shares of Golar LNG by 56.3% during the fourth quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock valued at $37,573,000 after acquiring an additional 319,677 shares in the last quarter. Atika Capital Management LLC purchased a new stake in shares of Golar LNG during the fourth quarter worth about $8,401,000. ARS Investment Partners LLC lifted its stake in shares of Golar LNG by 1,158.1% in the fourth quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company's stock worth $9,051,000 after acquiring an additional 196,876 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company's stock valued at $6,802,000 after purchasing an additional 150,195 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GLNG shares. StockNews.com raised Golar LNG to a "sell" rating in a research report on Thursday, March 20th. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, April 22nd. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $49.70.

Golar LNG Stock Up 0.3 %

GLNG stock traded up $0.14 during midday trading on Friday, reaching $40.31. The company had a trading volume of 826,657 shares, compared to its average volume of 1,378,943. The stock has a 50 day moving average price of $36.61 and a 200 day moving average price of $38.78. The firm has a market capitalization of $4.21 billion, a PE ratio of 287.95 and a beta of 0.47. Golar LNG Limited has a fifty-two week low of $24.42 and a fifty-two week high of $44.36.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio is presently 208.33%.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.