Golar LNG Partners LP (GMLP) Stake Lessened by First Trust Advisors LP
First Trust Advisors LP trimmed its holdings in Golar LNG Partners LP (NASDAQ:GMLP) by 18.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,479 shares of the shipping company’s stock after selling 90,424 shares during the quarter. First Trust Advisors LP owned about 0.56% of Golar LNG Partners worth $9,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of GMLP. Alliancebernstein L.P. acquired a new position in Golar LNG Partners during the 1st quarter worth approximately $216,000. FMR LLC increased its holdings in Golar LNG Partners by 11.2% during the 1st quarter. FMR LLC now owns 1,195,900 shares of the shipping company’s stock worth $26,716,000 after purchasing an additional 120,300 shares in the last quarter. California Public Employees Retirement System increased its holdings in Golar LNG Partners by 208.3% during the 1st quarter. California Public Employees Retirement System now owns 167,700 shares of the shipping company’s stock worth $3,746,000 after purchasing an additional 113,300 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Golar LNG Partners by 13.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,100 shares of the shipping company’s stock worth $271,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Golar LNG Partners by 884.2% during the 1st quarter. Renaissance Technologies LLC now owns 281,517 shares of the shipping company’s stock worth $6,289,000 after purchasing an additional 252,912 shares in the last quarter. 44.80% of the stock is currently owned by institutional investors and hedge funds.
Golar LNG Partners LP (NASDAQ:GMLP) opened at $21.92 on Friday. The company has a market capitalization of $1,548.91, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.77. Golar LNG Partners LP has a 12 month low of $18.77 and a 12 month high of $25.82.
Golar LNG Partners (NASDAQ:GMLP) last released its earnings results on Wednesday, August 30th. The shipping company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. Golar LNG Partners had a return on equity of 31.12% and a net margin of 43.94%. equities analysts forecast that Golar LNG Partners LP will post 1.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, October 30th will be paid a $0.5775 dividend. The ex-dividend date is Friday, October 27th. This represents a $2.31 dividend on an annualized basis and a yield of 10.54%. Golar LNG Partners’s dividend payout ratio is presently 77.78%.
GMLP has been the topic of several research analyst reports. ValuEngine upgraded Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub upgraded Golar LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating on shares of Golar LNG Partners in a research report on Friday, September 22nd. Finally, ABN Amro started coverage on Golar LNG Partners in a research report on Monday, October 30th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Golar LNG Partners currently has a consensus rating of “Buy” and a consensus price target of $23.25.
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Golar LNG Partners Company Profile
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.
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