Nisa Investment Advisors LLC Has $183,000 Position in Golar LNG Limited (NASDAQ:GLNG)

Nisa Investment Advisors LLC lessened its holdings in Golar LNG Limited (NASDAQ:GLNG) by 94.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,314 shares of the shipping company’s stock after selling 80,960 shares during the period. Nisa Investment Advisors LLC’s holdings in Golar LNG were worth $183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLNG. Envestnet Asset Management Inc. lifted its holdings in shares of Golar LNG by 15.1% during the second quarter. Envestnet Asset Management Inc. now owns 69,689 shares of the shipping company’s stock valued at $2,185,000 after acquiring an additional 9,139 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Golar LNG by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 32,531 shares of the shipping company’s stock worth $1,020,000 after purchasing an additional 1,502 shares in the last quarter. Marshall Wace LLP lifted its holdings in Golar LNG by 172.6% during the 2nd quarter. Marshall Wace LLP now owns 69,241 shares of the shipping company’s stock valued at $2,171,000 after purchasing an additional 43,842 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Golar LNG by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock valued at $1,115,000 after buying an additional 992 shares in the last quarter. Finally, Quarry LP grew its stake in Golar LNG by 1,559.3% during the second quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock worth $73,000 after buying an additional 2,183 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GLNG. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Stock Performance

NASDAQ:GLNG opened at $40.61 on Friday. The stock’s fifty day moving average price is $41.37 and its two-hundred day moving average price is $37.22. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 290.09 and a beta of 0.59. Golar LNG Limited has a 52-week low of $19.94 and a 52-week high of $44.36.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s dividend payout ratio is 714.34%.

Golar LNG Profile

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.