JPMorgan Chase & Co. Lowers Position in Cool Company Ltd. (NYSE:CLCO)

JPMorgan Chase & Co. lessened its holdings in Cool Company Ltd. (NYSE:CLCO) by 87.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,478 shares of the company’s stock after selling 30,515 shares during the period. JPMorgan Chase & Co.’s holdings in Cool were worth $51,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Cool in the third quarter worth about $124,000. Quadrature Capital Ltd purchased a new stake in shares of Cool during the third quarter valued at about $124,000. CWA Asset Management Group LLC purchased a new stake in shares of Cool during the third quarter valued at about $190,000. Apollon Wealth Management LLC raised its position in shares of Cool by 93.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock valued at $244,000 after purchasing an additional 10,482 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Cool by 2,551.7% in the 3rd quarter. Barclays PLC now owns 48,791 shares of the company’s stock valued at $551,000 after purchasing an additional 46,951 shares during the last quarter. Institutional investors own 20.66% of the company’s stock.

Cool Trading Down 2.3 %

Shares of NYSE:CLCO opened at $8.48 on Tuesday. Cool Company Ltd. has a twelve month low of $6.92 and a twelve month high of $13.68. The company’s 50 day moving average is $8.05 and its 200 day moving average is $10.07. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01.

Cool Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.08%.

Cool 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.