Golar LNG Limited (NASDAQ:GLNG) Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its holdings in Golar LNG Limited (NASDAQ:GLNG - Free Report) by 197.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,716,761 shares of the shipping company's stock after buying an additional 1,802,470 shares during the quarter. Golar LNG makes up about 1.6% of Donald Smith & CO. Inc.'s holdings, making the stock its 28th biggest holding. Donald Smith & CO. Inc. owned 3.38% of Golar LNG worth $62,458,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLNG. Exchange Traded Concepts LLC purchased a new stake in Golar LNG in the third quarter worth about $32,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Golar LNG in the 3rd quarter worth approximately $243,000. Raymond James & Associates bought a new position in Golar LNG during the 3rd quarter valued at approximately $275,000. Cable Hill Partners LLC purchased a new position in Golar LNG during the third quarter valued at $228,000. Finally, Levin Capital Strategies L.P. boosted its holdings in Golar LNG by 57.4% in the third quarter. Levin Capital Strategies L.P. now owns 48,000 shares of the shipping company's stock worth $1,164,000 after acquiring an additional 17,500 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Stock Performance

Shares of GLNG traded down $0.15 on Monday, reaching $24.95. The company's stock had a trading volume of 591,638 shares, compared to its average volume of 1,122,872. The stock's 50 day simple moving average is $23.54 and its two-hundred day simple moving average is $22.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $2.61 billion, a P/E ratio of -58.02 and a beta of 0.61. Golar LNG Limited has a 12-month low of $19.62 and a 12-month high of $25.90.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.40. The business had revenue of $78.65 million for the quarter, compared to the consensus estimate of $76.85 million. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. Research analysts forecast that Golar LNG Limited will post 1.66 earnings per share for the current fiscal year.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Monday, March 11th. Golar LNG's dividend payout ratio (DPR) is currently -232.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Golar LNG from a "hold" rating to a "sell" rating in a report on Thursday.

Golar LNG Company Profile

Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.