Arrowpoint Investment Partners Singapore Pte. Ltd. Has $466,000 Holdings in Golar LNG Limited (NASDAQ:GLNG)

Key Points

• Arrowpoint Investment Partners Singapore Pte. Ltd. significantly increased its stake in Golar LNG Limited by 1,597.1%, acquiring an additional 11,547 shares, bringing its total holdings to 12,270 shares worth $466,000.
• A variety of institutional investors have also increased their stakes in Golar LNG, with Hexagon Capital Partners and Sterling Capital Management seeing increases of 358.9% and 906.4% respectively.
• The company announced a quarterly dividend of $0.25, translating to an annual yield of 2.5% and a remarkably high dividend payout ratio of 3,333.33%.

Arrowpoint Investment Partners Singapore Pte. Ltd. raised its position in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 1,597.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,270 shares of the shipping company's stock after buying an additional 11,547 shares during the quarter. Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings in Golar LNG were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its stake in shares of Golar LNG by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock valued at $438,000 after buying an additional 328 shares during the period. Xponance Inc. boosted its stake in shares of Golar LNG by 4.8% in the first quarter. Xponance Inc. now owns 8,515 shares of the shipping company's stock valued at $323,000 after buying an additional 387 shares during the period. Mariner LLC boosted its stake in shares of Golar LNG by 7.4% in the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock valued at $254,000 after buying an additional 414 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Golar LNG by 358.9% in the first quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock valued at $25,000 after buying an additional 506 shares during the period. Finally, Ion Asset Management Ltd. boosted its stake in shares of Golar LNG by 5.4% in the fourth quarter. Ion Asset Management Ltd. now owns 18,865 shares of the shipping company's stock valued at $798,000 after buying an additional 959 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GLNG has been the subject of several recent research reports. Wall Street Zen cut Golar LNG from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. 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. BTIG Research reiterated a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $53.00.

Golar LNG Price Performance

Shares of GLNG stock traded up $0.19 during trading hours 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 firm's 50 day simple moving average is $41.18 and its 200-day simple moving average is $39.33. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 1,346.45 and a beta of 0.56. Golar LNG Limited has a fifty-two week low of $29.56 and a fifty-two week high of $44.36. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.38.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its 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. The firm had revenue of $63.00 million for the quarter, compared to the consensus estimate of $64.90 million. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. Sell-side analysts forecast that Golar LNG Limited will post 1.39 earnings per share for the current year.

Golar LNG Announces Dividend

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

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.