4,500 Shares in Cool Company Ltd. (NYSE:CLCO) Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. bought a new position in Cool Company Ltd. (NYSE:CLCO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $50,000.

Separately, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Cool in the fourth quarter valued at $12,220,000. 20.66% of the stock is owned by institutional investors and hedge funds.

Cool Price Performance

Shares of CLCO stock opened at $11.77 on Monday. The firm’s fifty day moving average price is $11.69 and its two-hundred day moving average price is $11.63. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.04. Cool Company Ltd. has a 1 year low of $10.34 and a 1 year high of $14.50.

Cool Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a $0.41 dividend. This represents a dividend yield of 13.75%. The ex-dividend date of this dividend was Friday, May 31st.

Cool Company Profile

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.