GAMMA Investing LLC Buys 11,780 Shares of Golar LNG Limited (NASDAQ:GLNG)

GAMMA Investing LLC boosted its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 2,838.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,195 shares of the shipping company's stock after buying an additional 11,780 shares during the quarter. GAMMA Investing LLC's holdings in Golar LNG were worth $463,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in Golar LNG during the fourth quarter valued at about $107,000. J.Safra Asset Management Corp purchased a new position in Golar LNG in the 4th quarter worth about $141,000. Sterling Capital Management LLC increased its stake in 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 purchasing an additional 3,118 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Golar LNG during the 4th quarter worth about $200,000. Finally, Schechter Investment Advisors LLC acquired a new stake in Golar LNG during the 4th quarter worth about $203,000. Institutional investors own 92.21% of the company's stock.

Golar LNG Stock Down 0.9%

Shares of GLNG traded down $0.39 during midday trading on Monday, reaching $41.17. 913,560 shares of the stock were exchanged, compared to its average volume of 1,444,806. Golar LNG Limited has a 12-month low of $29.29 and a 12-month high of $44.36. The firm has a 50 day simple moving average of $40.21 and a 200-day simple moving average of $39.59. 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 $4.30 billion, a price-to-earnings ratio of 1,372.79 and a beta of 0.57.

Golar LNG (NASDAQ:GLNG - Get Free Report) last posted its quarterly earnings results 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. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. The company had revenue of $63.00 million during the quarter, compared to the consensus estimate of $64.90 million. Research analysts forecast that Golar LNG Limited will post 1.39 EPS for the current year.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, June 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, June 3rd. Golar LNG's payout ratio is 3,333.33%.

Analysts Set New Price Targets

Several research firms have issued reports on GLNG. BTIG Research restated a "buy" rating on shares of Golar LNG in a report on Wednesday, May 28th. Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded Golar LNG to a "sell" rating in a report on Thursday, March 20th. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, DNB Markets raised Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.