105,310 Shares in Golar LNG Limited (NASDAQ:GLNG) Bought by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC acquired a new stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 105,310 shares of the shipping company's stock, valued at approximately $4,457,000. Gilder Gagnon Howe & Co. LLC owned about 0.10% of Golar LNG as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Golar LNG by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock worth $46,260,000 after buying an additional 18,475 shares during the period. Invesco Ltd. boosted its stake in shares of Golar LNG by 56.3% in the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock worth $37,573,000 after buying an additional 319,677 shares during the last quarter. Stifel Financial Corp lifted its holdings in Golar LNG by 17.8% during the fourth quarter. Stifel Financial Corp now owns 753,582 shares of the shipping company's stock valued at $31,892,000 after purchasing an additional 113,769 shares in the last quarter. Discovery Capital Management LLC CT bought a new position in shares of Golar LNG during the 4th quarter valued at about $17,719,000. Finally, JPMorgan Chase & Co. increased its position in Golar LNG by 60.2% in the fourth quarter. JPMorgan Chase & Co. now owns 350,858 shares of the shipping company's stock worth $14,848,000 after purchasing an additional 131,887 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GLNG shares. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Tuesday, April 22nd. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. StockNews.com upgraded Golar LNG to a "sell" rating in a report on Thursday, March 20th. Finally, Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $49.70.

Golar LNG Price Performance

Shares of NASDAQ GLNG traded down $2.50 during midday trading on Friday, hitting $40.06. 4,148,359 shares of the company's stock were exchanged, compared to its average volume of 1,401,258. Golar LNG Limited has a twelve month low of $24.59 and a twelve month high of $46.67. The firm has a market cap of $4.19 billion, a P/E ratio of 286.58 and a beta of 0.47. The stock's 50 day moving average price is $36.76 and its 200-day moving average price is $38.86.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Tuesday, March 11th. Golar LNG's payout ratio is presently 208.33%.

Golar LNG Company Profile

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.