Donald Smith & CO. Inc. Purchases 1,077,300 Shares of Cool Company Ltd. (NYSE:CLCO)

Donald Smith & CO. Inc. grew its holdings in Cool Company Ltd. (NYSE:CLCO) by 113.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,027,175 shares of the company’s stock after acquiring an additional 1,077,300 shares during the period. Donald Smith & CO. Inc. owned about 5.07% of Cool worth $25,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in Cool by 216.0% in the 3rd quarter. Hsbc Holdings PLC now owns 143,901 shares of the company’s stock valued at $1,963,000 after acquiring an additional 98,362 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Cool in the 4th quarter worth about $12,220,000. Finally, Barclays PLC grew its position in Cool by 114.6% in the 3rd quarter. Barclays PLC now owns 37,143 shares of the company’s stock valued at $515,000 after acquiring an additional 19,837 shares during the last quarter. Institutional investors own 20.66% of the company’s stock.

Cool Stock Performance

Shares of NYSE:CLCO traded down $0.01 on Monday, hitting $10.95. 60,540 shares of the company’s stock were exchanged, compared to its average volume of 225,576. Cool Company Ltd. has a 12 month low of $10.34 and a 12 month high of $14.50. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.07. The business’s 50 day simple moving average is $11.19 and its two-hundred day simple moving average is $12.03.

Cool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.64 dividend on an annualized basis and a yield of 14.98%.

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.