Boothbay Fund Management LLC Acquires Shares of 17,361 Golar LNG Limited (NASDAQ:GLNG)

Boothbay Fund Management LLC purchased a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 17,361 shares of the shipping company's stock, valued at approximately $735,000.

A number of other large investors also recently modified their holdings of the business. Susquehanna Fundamental Investments LLC bought a new position in Golar LNG during the fourth quarter worth $8,282,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Golar LNG during the 4th quarter worth about $4,457,000. Parallax Volatility Advisers L.P. raised its position in shares of Golar LNG by 32.7% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 98,320 shares of the shipping company's stock valued at $4,161,000 after buying an additional 24,221 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Golar LNG in the fourth quarter valued at about $802,000. Finally, Price T Rowe Associates Inc. MD grew its position in Golar LNG by 21.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,293 shares of the shipping company's stock worth $1,663,000 after buying an additional 7,017 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Down 6.8 %

Golar LNG stock traded down $2.91 during mid-day trading on Friday, hitting $39.64. 5,435,639 shares of the company were exchanged, compared to its average volume of 1,408,363. The company has a market capitalization of $4.14 billion, a PE ratio of 283.16 and a beta of 0.47. The business has a fifty day moving average of $36.76 and a 200 day moving average of $38.86. Golar LNG Limited has a 1-year low of $24.66 and a 1-year high of $46.67.

Golar LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.52%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio is currently 208.33%.

Analyst Upgrades and Downgrades

Several research firms have commented on GLNG. DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, April 22nd. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, StockNews.com raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $49.70.

Golar LNG Company Profile

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.