Atria Investments Inc Lowers Stock Position in Golar LNG Limited (NASDAQ:GLNG)

Atria Investments Inc trimmed its position in Golar LNG Limited (NASDAQ:GLNG) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,393 shares of the shipping company’s stock after selling 291 shares during the quarter. Atria Investments Inc’s holdings in Golar LNG were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its holdings in Golar LNG by 103.7% during the third quarter. Lindbrook Capital LLC now owns 12,520 shares of the shipping company’s stock valued at $460,000 after acquiring an additional 6,374 shares during the period. Blue Trust Inc. grew its position in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares in the last quarter. VitalStone Financial LLC bought a new stake in Golar LNG during the 3rd quarter valued at approximately $459,000. Sound Income Strategies LLC purchased a new position in Golar LNG in the 3rd quarter worth approximately $52,000. Finally, CWM LLC boosted its stake in Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares during the period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GLNG. Stifel Nicolaus lowered their target price on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 16th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

Golar LNG Trading Up 0.2 %

Shares of GLNG opened at $36.92 on Friday. Golar LNG Limited has a fifty-two week low of $19.94 and a fifty-two week high of $39.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The company’s fifty day moving average is $36.69 and its 200 day moving average is $32.83. The stock has a market capitalization of $3.85 billion, a PE ratio of 263.73 and a beta of 0.58.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 25th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.71%. Golar LNG’s dividend payout ratio (DPR) is presently 714.34%.

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.