Capital CS Group LLC Takes $673,000 Position in Golar LNG Limited (NASDAQ:GLNG)

Capital CS Group LLC bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,307 shares of the shipping company’s stock, valued at approximately $673,000. Golar LNG makes up about 0.8% of Capital CS Group LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds also recently modified their holdings of GLNG. Donald Smith & CO. Inc. lifted its stake in Golar LNG by 32.0% during the first quarter. Donald Smith & CO. Inc. now owns 3,586,994 shares of the shipping company’s stock worth $86,303,000 after purchasing an additional 870,233 shares during the last quarter. American Century Companies Inc. boosted its stake in Golar LNG by 53.7% in the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock valued at $54,319,000 after buying an additional 605,499 shares in the last quarter. Vanguard Group Inc. grew its position in Golar LNG by 74.4% in the first quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company’s stock valued at $24,436,000 after acquiring an additional 433,299 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Golar LNG during the second quarter worth about $10,554,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Golar LNG in the second quarter worth about $5,805,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GLNG has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 16th. B. Riley upped their price target on shares of Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a report on Friday, July 19th. StockNews.com raised Golar LNG to a “sell” rating in a report on Tuesday. BTIG Research upped their target price on Golar LNG from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Golar LNG has an average rating of “Moderate Buy” and an average price target of $49.63.

Golar LNG Trading Down 0.2 %

Shares of Golar LNG stock traded down $0.08 during trading on Friday, hitting $38.76. The company’s stock had a trading volume of 1,141,292 shares, compared to its average volume of 1,222,598. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 36.91 and a beta of 0.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.28. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $39.10. The stock has a 50-day moving average price of $33.61 and a two-hundred day moving average price of $29.83.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings results on Thursday, August 15th. The shipping company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $62.98 million during the quarter, compared to analyst estimates of $67.38 million. Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. Equities research analysts anticipate that Golar LNG Limited will post 1.56 EPS for the current fiscal year.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, August 26th. Golar LNG’s dividend payout ratio is 95.24%.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.