Aigen Investment Management LP Takes $601,000 Position in Golar LNG Limited (NASDAQ:GLNG)

Key Points

• Aigen Investment Management LP acquired a new stake of 15,807 shares in Golar LNG Limited, valued at approximately $601,000 during the first quarter.
• Multiple hedge funds have significantly increased their holdings in Golar LNG, with 92.21% of the stock now owned by institutional investors.
• Golar LNG recently declared a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 2.5%.

Aigen Investment Management LP purchased a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,807 shares of the shipping company's stock, valued at approximately $601,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hexagon Capital Partners LLC lifted its stake in Golar LNG by 358.9% during the first quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock worth $25,000 after purchasing an additional 506 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Golar LNG by 906.4% during 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 during the last quarter. Rossby Financial LCC acquired a new stake in Golar LNG in the 4th quarter valued at about $233,000. Numerai GP LLC bought a new position in Golar LNG in the 4th quarter valued at about $245,000. Finally, 111 Capital acquired a new stake in shares of Golar LNG in the 4th quarter valued at approximately $248,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Stock Up 0.5%

Shares of GLNG traded up $0.19 during trading on Thursday, reaching $40.38. The company's stock had a trading volume of 2,875,290 shares, compared to its average volume of 1,551,784. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 1,346.45 and a beta of 0.56. Golar LNG Limited has a twelve month low of $29.56 and a twelve month high of $44.36. The company has a fifty day moving average of $41.20 and a two-hundred day moving average of $39.32.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.09. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. The business had revenue of $63.00 million during the quarter, compared to analyst estimates of $64.90 million. On average, sell-side analysts predict that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Saturday, January 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 26th. Golar LNG's dividend payout ratio is currently 3,333.33%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BTIG Research restated a "buy" rating on shares of Golar LNG in a report on Wednesday, May 28th. 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. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, April 22nd. Finally, Wall Street Zen cut shares of Golar LNG from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $53.00.

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.