17,368 Shares in Golar LNG Limited $GLNG Acquired by Atria Investments Inc

Atria Investments Inc purchased a new stake in shares of Golar LNG Limited (NASDAQ:GLNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,368 shares of the shipping company’s stock, valued at approximately $715,000.

Other large investors also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Golar LNG in the 1st quarter valued at $26,000. SVB Wealth LLC purchased a new position in Golar LNG in the first quarter valued at about $31,000. Signaturefd LLC lifted its stake in shares of Golar LNG by 64.6% during the second quarter. Signaturefd LLC now owns 856 shares of the shipping company’s stock worth $35,000 after purchasing an additional 336 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Golar LNG during the second quarter worth about $74,000. Finally, CWM LLC boosted its position in shares of Golar LNG by 110.1% in the second quarter. CWM LLC now owns 1,855 shares of the shipping company’s stock worth $76,000 after buying an additional 972 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

GLNG opened at $38.42 on Friday. The company has a market capitalization of $4.02 billion, a P/E ratio of -548.78 and a beta of 0.29. The company has a 50-day moving average of $40.15 and a 200-day moving average of $40.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.47. Golar LNG Limited has a 1-year low of $29.56 and a 1-year high of $45.98.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Thursday, August 14th. The shipping company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $75.67 million during the quarter, compared to analyst estimates of $79.37 million. Golar LNG had a positive return on equity of 6.36% and a negative net margin of 2.83%. Equities analysts expect that Golar LNG Limited will post 1.39 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 17th will be given a $0.25 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Golar LNG’s dividend payout ratio (DPR) is presently 175.44%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of Golar LNG in a research report on Wednesday. The Goldman Sachs Group assumed coverage on shares of Golar LNG in a research note on Monday, September 29th. They set a “buy” rating and a $54.00 price objective on the stock. Citigroup started coverage on shares of Golar LNG in a research note on Friday, October 10th. They set a “buy” rating and a $51.00 price objective on the stock. B. Riley restated a “neutral” rating and issued a $44.50 target price on shares of Golar LNG in a research note on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Golar LNG in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $50.42.

Golar LNG Company 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.