Golar LNG Limited (GLNG) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC boosted its holdings in Golar LNG Limited (NASDAQ:GLNG) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,592 shares of the shipping company’s stock after acquiring an additional 3,523 shares during the quarter. SG Americas Securities LLC’s holdings in Golar LNG were worth $873,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Putnam FL Investment Management Co. purchased a new position in Golar LNG in the third quarter worth $466,000. CNA Financial Corp raised its position in Golar LNG by 12.1% in the third quarter. CNA Financial Corp now owns 176,803 shares of the shipping company’s stock worth $3,998,000 after acquiring an additional 19,053 shares in the last quarter. Bank of New York Mellon Corp raised its position in Golar LNG by 48.2% in the third quarter. Bank of New York Mellon Corp now owns 511,313 shares of the shipping company’s stock worth $11,562,000 after acquiring an additional 166,198 shares in the last quarter. Capital Management Associates NY raised its position in Golar LNG by 100.0% in the third quarter. Capital Management Associates NY now owns 19,000 shares of the shipping company’s stock worth $430,000 after acquiring an additional 9,500 shares in the last quarter. Finally, HL Financial Services LLC grew its holdings in Golar LNG by 34.9% in the third quarter. HL Financial Services LLC now owns 36,701 shares of the shipping company’s stock valued at $830,000 after purchasing an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 82.85% of the company’s stock.
Shares of Golar LNG Limited (NASDAQ GLNG) opened at $24.16 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77. Golar LNG Limited has a twelve month low of $19.32 and a twelve month high of $29.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, December 13th. Golar LNG’s dividend payout ratio (DPR) is -10.26%.
GLNG has been the topic of several research reports. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 target price on shares of Golar LNG in a report on Monday, August 21st. Citigroup lowered their target price on Golar LNG from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. ABN Amro raised Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Cowen reissued an “outperform” rating and issued a $45.00 target price on shares of Golar LNG in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.60.
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Golar LNG Company Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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