CenterBook Partners LP purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,363 shares of the shipping company's stock, valued at approximately $1,837,000.
A number of other large investors have also recently made changes to their positions in GLNG. Hexagon Capital Partners LLC boosted its stake in shares of Golar LNG by 358.9% during the 1st 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 purchasing an additional 3,118 shares during the period. Magnetar Financial LLC bought a new stake in Golar LNG during the 4th quarter valued at about $207,000. Rossby Financial LCC bought a new stake in Golar LNG during the 4th quarter valued at about $233,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Golar LNG during the 4th quarter valued at about $240,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
Golar LNG Stock Performance
Shares of GLNG traded down $0.07 during trading hours on Friday, hitting $40.99. The stock had a trading volume of 809,994 shares, compared to its average volume of 1,456,339. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50-day moving average price of $40.83 and a 200 day moving average price of $39.44. Golar LNG Limited has a fifty-two week low of $29.29 and a fifty-two week high of $44.36. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 1,366.79 and a beta of 0.56.
Golar LNG (NASDAQ:GLNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.09. The company had revenue of $63.00 million during the quarter, compared to analysts' expectations of $64.90 million. Golar LNG had a net margin of 1.04% and a return on equity of 6.82%. As a group, research analysts anticipate that Golar LNG Limited will post 1.39 EPS for the current year.
Golar LNG Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Tuesday, June 3rd. Golar LNG's dividend payout ratio (DPR) is 3,333.33%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on GLNG shares. Wall Street Zen lowered shares of Golar LNG from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. 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 report on Tuesday, April 22nd. Finally, DNB Markets upgraded shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $50.88.
Check Out Our Latest Analysis on GLNG
Golar LNG Profile
(
Free Report)
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.
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