Cool (NYSE:CLCO) Trading Down 0.4% - What's Next?

Cool Company Ltd. (NYSE:CLCO - Get Free Report)'s share price was down 0.4% during trading on Wednesday . The company traded as low as $6.81 and last traded at $6.97. Approximately 25,923 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 222,378 shares. The stock had previously closed at $7.00.

Cool Stock Up 1.9%

The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $375.92 million, a price-to-earnings ratio of 10.29 and a beta of 0.59. The firm has a 50 day moving average price of $6.58 and a two-hundred day moving average price of $6.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CLCO. Quantbot Technologies LP acquired a new stake in shares of Cool in the fourth quarter valued at about $53,000. XTX Topco Ltd acquired a new position in Cool during the 4th quarter worth approximately $94,000. Barclays PLC boosted its holdings in Cool by 3.9% in the 4th quarter. Barclays PLC now owns 50,708 shares of the company's stock worth $403,000 after acquiring an additional 1,917 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in Cool in the first quarter valued at approximately $82,000. 20.66% of the stock is owned by institutional investors and hedge funds.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.