Dynamic Technology Lab Private Ltd Acquires New Shares in Golar LNG Limited (NASDAQ:GLNG)

Dynamic Technology Lab Private Ltd bought a new position in Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,980 shares of the shipping company’s stock, valued at approximately $465,000.

Several other hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Golar LNG in the 3rd quarter worth about $32,000. USA Financial Formulas bought a new stake in shares of Golar LNG in the fourth quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Golar LNG during the fourth quarter valued at approximately $107,000. Blue Trust Inc. lifted its position in Golar LNG by 116.8% during the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after purchasing an additional 1,603 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in Golar LNG in the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

GLNG has been the topic of a number of research reports. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Thursday, March 20th. DNB Markets downgraded Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, Fearnley Fonds upgraded shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Stock Down 1.0 %

NASDAQ GLNG opened at $32.10 on Wednesday. Golar LNG Limited has a 52 week low of $24.21 and a 52 week high of $44.36. The company has a market capitalization of $3.36 billion, a P/E ratio of 229.30 and a beta of 0.47. The stock’s 50-day moving average price is $37.63 and its 200-day moving average price is $38.77.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG’s payout ratio is 208.33%.

About Golar LNG

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.