Clearline Capital LP Has $26.72 Million Holdings in Golar LNG Limited (NASDAQ:GLNG)

Clearline Capital LP reduced its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 37.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 631,397 shares of the shipping company's stock after selling 371,463 shares during the quarter. Golar LNG comprises 3.5% of Clearline Capital LP's investment portfolio, making the stock its 6th biggest holding. Clearline Capital LP owned 0.60% of Golar LNG worth $26,721,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Golar LNG during the 4th quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Golar LNG in the fourth quarter valued at $107,000. Blue Trust Inc. increased its position in shares of Golar LNG by 116.8% in the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after buying an additional 1,603 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Golar LNG during the 4th quarter worth $141,000. Finally, Sterling Capital Management LLC boosted its position in shares of Golar LNG by 906.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,462 shares of the shipping company's stock worth $147,000 after buying an additional 3,118 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Price Performance

NASDAQ:GLNG traded down $0.50 during mid-day trading on Friday, reaching $37.87. The stock had a trading volume of 1,594,910 shares, compared to its average volume of 1,420,009. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 270.52 and a beta of 0.62. The stock's 50 day simple moving average is $36.93 and its two-hundred day simple moving average is $38.93. Golar LNG Limited has a 1-year low of $25.33 and a 1-year high of $44.36.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio is presently 208.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GLNG shares. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, April 22nd. StockNews.com raised shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Finally, Fearnley Fonds upgraded shares of 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. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $49.70.

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.