Bluefin Trading LLC Takes $422,000 Position in Golar LNG Limited (GLNG)
Bluefin Trading LLC bought a new stake in shares of Golar LNG Limited (NASDAQ:GLNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,372 shares of the shipping company’s stock, valued at approximately $422,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Golar LNG during the 4th quarter valued at $65,000. Bank of Montreal Can lifted its stake in shares of Golar LNG by 75.1% during the 4th quarter. Bank of Montreal Can now owns 3,130 shares of the shipping company’s stock valued at $68,000 after buying an additional 1,342 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Golar LNG during the 4th quarter valued at $78,000. Strs Ohio lifted its stake in shares of Golar LNG by 62.1% during the 4th quarter. Strs Ohio now owns 4,700 shares of the shipping company’s stock valued at $102,000 after buying an additional 1,800 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Golar LNG by 10.6% during the 4th quarter. AdvisorNet Financial Inc now owns 5,225 shares of the shipping company’s stock valued at $114,000 after buying an additional 500 shares in the last quarter. Institutional investors own 74.65% of the company’s stock.
A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Golar LNG from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Monday. Cowen restated an “outperform” rating and issued a $30.00 target price (down from $41.00) on shares of Golar LNG in a report on Monday, March 4th. Scotiabank started coverage on shares of Golar LNG in a report on Friday, February 8th. They issued an “outperform” rating on the stock. Finally, ValuEngine downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.18.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Thursday, March 14th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.60 annualized dividend and a yield of 2.69%. Golar LNG’s payout ratio is -157.89%.
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Golar LNG Company Profile
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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