Golar LNG Limited (NASDAQ:GLNG) Holdings Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 182.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,915 shares of the shipping company’s stock after buying an additional 8,994 shares during the period. Nisa Investment Advisors LLC’s holdings in Golar LNG were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hosking Partners LLP grew its position in Golar LNG by 20.1% in the 3rd quarter. Hosking Partners LLP now owns 766,339 shares of the shipping company’s stock valued at $18,591,000 after buying an additional 128,416 shares in the last quarter. Rubric Capital Management LP increased its stake in shares of Golar LNG by 0.8% during the third quarter. Rubric Capital Management LP now owns 6,506,757 shares of the shipping company’s stock valued at $157,854,000 after acquiring an additional 50,000 shares during the period. American Century Companies Inc. increased its stake in shares of Golar LNG by 59.1% during the third quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock valued at $21,545,000 after acquiring an additional 330,059 shares during the period. Deutsche Bank AG raised its holdings in Golar LNG by 18.9% during the third quarter. Deutsche Bank AG now owns 51,107 shares of the shipping company’s stock worth $1,240,000 after purchasing an additional 8,120 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Golar LNG by 79.2% in the third quarter. Stifel Financial Corp now owns 396,674 shares of the shipping company’s stock worth $9,623,000 after purchasing an additional 175,348 shares during the period. Institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Performance

NASDAQ:GLNG opened at $24.69 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $23.00 and a 200-day moving average of $22.62. Golar LNG Limited has a twelve month low of $19.62 and a twelve month high of $25.90. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -57.42 and a beta of 0.61.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.40. The firm had revenue of $78.65 million during the quarter, compared to analysts’ expectations of $76.85 million. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. Analysts forecast that Golar LNG Limited will post 1.66 earnings per share for the current fiscal year.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Monday, March 11th. Golar LNG’s payout ratio is -232.56%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Golar LNG from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th.

Golar LNG Company Profile

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