Clear Harbor Asset Management LLC Makes New $448,000 Investment in Golar LNG Limited $GLNG

Clear Harbor Asset Management LLC acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,050 shares of the shipping company’s stock, valued at approximately $448,000.

Several other large investors also recently modified their holdings of the stock. King Luther Capital Management Corp bought a new position in Golar LNG in the 3rd quarter valued at about $1,179,000. Huber Capital Management LLC boosted its holdings in shares of Golar LNG by 12.4% during the third quarter. Huber Capital Management LLC now owns 923,718 shares of the shipping company’s stock worth $37,327,000 after acquiring an additional 102,200 shares during the period. Danske Bank A S bought a new stake in shares of Golar LNG during the third quarter worth approximately $56,574,000. Cinctive Capital Management LP acquired a new position in shares of Golar LNG in the third quarter valued at approximately $4,658,000. Finally, Militia Capital Partners LP acquired a new position in shares of Golar LNG in the third quarter valued at approximately $1,754,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Stock Performance

Shares of Golar LNG stock opened at $51.49 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.14. The company has a market cap of $5.22 billion, a PE ratio of 37.31 and a beta of 0.02. The company has a 50 day moving average of $53.88 and a 200-day moving average of $45.20. Golar LNG Limited has a 1-year low of $35.02 and a 1-year high of $57.79.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. Golar LNG had a net margin of 30.10% and a return on equity of 6.86%. The business had revenue of $137.55 million during the quarter. As a group, equities research analysts forecast that Golar LNG Limited will post 0.72 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, June 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.00 annualized dividend and a yield of 1.9%. Golar LNG’s dividend payout ratio (DPR) is 72.46%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings raised Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $65.00 price objective on shares of Golar LNG in a research report on Thursday, May 21st. Wall Street Zen raised Golar LNG from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Pareto Securities cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, BTIG Research restated a “buy” rating and issued a $67.00 price target on shares of Golar LNG in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Golar LNG presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.70.

Golar LNG Company Profile

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.