Golar LNG Limited (NASDAQ:GLNG) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 2,838.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLNG. 111 Capital acquired a new stake in shares of Golar LNG in the 4th quarter worth $248,000. Teza Capital Management LLC purchased a new position in shares of Golar LNG during the 4th quarter worth approximately $2,652,000. Toronto Dominion Bank purchased a new position in Golar LNG during the fourth quarter worth $1,185,000. Sagefield Capital LP acquired a new position in Golar LNG in the 4th quarter valued at about $8,725,000. Finally, ProShare Advisors LLC raised its position in shares of Golar LNG by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 27,871 shares of the shipping company's stock valued at $1,180,000 after buying an additional 9,169 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Stock Performance

Shares of NASDAQ:GLNG traded down $0.76 during trading on Friday, reaching $41.56. 904,464 shares of the company's stock traded hands, compared to its average volume of 1,445,966. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50 day moving average of $40.03 and a 200-day moving average of $39.61. The stock has a market capitalization of $4.34 billion, a P/E ratio of 1,385.80 and a beta of 0.57. Golar LNG Limited has a 12 month low of $28.31 and a 12 month high of $44.36.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.38 earnings per share for the quarter, beating the consensus estimate 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 net margin of 1.04% and a return on equity of 6.82%. On average, equities analysts expect 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date was Tuesday, June 3rd. Golar LNG's payout ratio is currently 3,333.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. BTIG Research reaffirmed a "buy" rating on shares of Golar LNG in a research report on Wednesday, May 28th. Wall Street Zen upgraded Golar LNG to a "sell" rating in a research note on Thursday, March 20th. 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 research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target 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.