Susquehanna Fundamental Investments LLC Buys Shares of 195,708 Golar LNG Limited (NASDAQ:GLNG)

Susquehanna Fundamental Investments LLC purchased a new stake in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 195,708 shares of the shipping company's stock, valued at approximately $8,282,000. Susquehanna Fundamental Investments LLC owned 0.19% of Golar LNG at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Discovery Capital Management LLC CT acquired a new position in shares of Golar LNG in the fourth quarter valued at $17,719,000. Invesco Ltd. raised 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 valued at $37,573,000 after buying an additional 319,677 shares in the last quarter. Atika Capital Management LLC bought a new position in shares of Golar LNG during the 4th quarter worth about $8,401,000. ARS Investment Partners LLC boosted its position in shares of Golar LNG by 1,158.1% during the 4th quarter. ARS Investment Partners LLC now owns 213,876 shares of the shipping company's stock valued at $9,051,000 after acquiring an additional 196,876 shares in the last quarter. Finally, Charter Oak Advisors LP bought a new stake in Golar LNG in the fourth quarter valued at about $8,016,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Golar LNG Stock Performance

Shares of NASDAQ GLNG traded down $2.91 during trading on Friday, reaching $39.64. The company had a trading volume of 5,435,245 shares, compared to its average volume of 1,406,148. Golar LNG Limited has a 52 week low of $24.59 and a 52 week high of $46.67. The business's 50 day moving average price is $36.76 and its 200-day moving average price is $38.86. The stock has a market cap of $4.14 billion, a PE ratio of 283.16 and a beta of 0.47.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.52%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio is 208.33%.

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.