Levin Capital Strategies L.P. Has $777,000 Stake in Golar LNG Limited (NASDAQ:GLNG)

Levin Capital Strategies L.P. lowered its holdings in Golar LNG Limited (NASDAQ:GLNG) by 29.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,810 shares of the shipping company’s stock after selling 14,190 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Golar LNG were worth $777,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Kingswood Wealth Advisors LLC grew its position in Golar LNG by 8.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,800 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 800 shares during the period. Rathbones Group PLC grew its position in Golar LNG by 2.7% in the 3rd quarter. Rathbones Group PLC now owns 41,090 shares of the shipping company’s stock valued at $997,000 after purchasing an additional 1,090 shares during the period. Intrust Bank NA grew its position in Golar LNG by 3.6% in the 4th quarter. Intrust Bank NA now owns 35,203 shares of the shipping company’s stock valued at $809,000 after purchasing an additional 1,215 shares during the period. Exchange Traded Concepts LLC bought a new position in Golar LNG during the 3rd quarter valued at $32,000. Finally, Rhumbline Advisers lifted its stake in Golar LNG by 1.1% during the 3rd quarter. Rhumbline Advisers now owns 164,189 shares of the shipping company’s stock valued at $3,983,000 after acquiring an additional 1,801 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Golar LNG from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th.

Golar LNG Stock Up 1.6 %

NASDAQ:GLNG traded up $0.39 during trading hours on Thursday, hitting $24.96. 563,663 shares of the company traded hands, compared to its average volume of 1,111,671. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $23.66 and its 200-day simple moving average is $22.72. Golar LNG Limited has a one year low of $19.62 and a one year high of $25.90. The company has a market cap of $2.61 billion, a PE ratio of -57.53 and a beta of 0.62.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.40. Golar LNG had a positive return on equity of 11.67% and a negative net margin of 15.68%. The business had revenue of $78.65 million for the quarter, compared to analysts’ expectations of $76.85 million. Equities analysts predict that Golar LNG Limited will post 1.65 earnings per share for the current year.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, March 11th. Golar LNG’s payout ratio is -232.55%.

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.