75,000 Shares in Golar LNG Limited $GLNG Purchased by Tejara Capital Ltd

Key Points

• Tejara Capital Ltd has acquired a new stake in Golar LNG Limited, purchasing 75,000 shares valued at approximately $2.85 million during the first quarter.
• Golar LNG recently announced a $0.25 quarterly dividend, which results in an annualized dividend of $1.00 and a yield of 2.5%.
• The company's earnings per share for the last quarter was $0.38, surpassing analysts' expectations of $0.29, amidst a net revenue of $63 million.

Tejara Capital Ltd bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,000 shares of the shipping company's stock, valued at approximately $2,849,000. Golar LNG accounts for about 1.1% of Tejara Capital Ltd's investment portfolio, making the stock its 25th largest position. Tejara Capital Ltd owned approximately 0.07% of Golar LNG at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GLNG. Hexagon Capital Partners LLC grew its position 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 buying an additional 506 shares during the period. Sterling Capital Management LLC grew its holdings in Golar LNG by 906.4% in the fourth 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. Numerai GP LLC acquired a new stake in Golar LNG in the fourth quarter worth $245,000. 111 Capital acquired a new stake in Golar LNG in the fourth quarter worth $248,000. Finally, Principal Financial Group Inc. grew its holdings in Golar LNG by 20.2% in the first quarter. Principal Financial Group Inc. now owns 6,561 shares of the shipping company's stock worth $249,000 after purchasing an additional 1,103 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Stock Up 1.0%

GLNG stock traded up $0.43 during mid-day trading on Wednesday, reaching $41.67. 749,958 shares of the company traded hands, compared to its average volume of 1,060,748. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of -595.20 and a beta of 0.56. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.63. Golar LNG Limited has a fifty-two week low of $29.56 and a fifty-two week high of $44.36. The firm's 50 day moving average price is $41.12 and its 200 day moving average price is $39.36.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). The company had revenue of $75.67 million for the quarter, compared to analyst estimates of $79.37 million. Golar LNG had a negative net margin of 2.83% and a positive return on equity of 6.36%. As a group, equities research analysts predict that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 26th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. Golar LNG's payout ratio is presently -1,428.57%.

Analyst Ratings Changes

GLNG has been the subject of a number of research reports. Zacks Research cut shares of Golar LNG from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. Wall Street Zen upgraded Golar LNG from a "sell" rating to a "hold" rating in a research note on Saturday. BTIG Research reissued a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. 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. Finally, Dnb Nor Markets raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Golar LNG currently has a consensus rating of "Buy" and an average price target of $51.50.

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.