Donald Smith & CO. Inc. boosted its stake in shares of Cool Company Ltd. (NYSE:CLCO - Free Report) by 113.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,027,175 shares of the company's stock after purchasing an additional 1,077,300 shares during the period. Donald Smith & CO. Inc. owned about 5.07% of Cool worth $25,786,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Cool by 114.6% during the 3rd quarter. Barclays PLC now owns 37,143 shares of the company's stock valued at $515,000 after buying an additional 19,837 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Cool by 216.0% in the third quarter. Hsbc Holdings PLC now owns 143,901 shares of the company's stock worth $1,963,000 after acquiring an additional 98,362 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Cool in the fourth quarter worth $12,220,000. Hedge funds and other institutional investors own 20.66% of the company's stock.
Cool Price Performance
CLCO stock traded down $0.01 during trading on Monday, reaching $10.95. The stock had a trading volume of 60,423 shares, compared to its average volume of 225,576. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.07. The stock's 50 day moving average is $11.18 and its two-hundred day moving average is $12.02. Cool Company Ltd. has a 52 week low of $10.34 and a 52 week high of $14.50.
Cool Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 14.98%. The ex-dividend date of this dividend was Friday, March 8th.
Cool Company Profile
(
Free Report)
Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.
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