J.Safra Asset Management Corp Buys 421 Shares of Golar LNG Limited $GLNG

J.Safra Asset Management Corp raised its holdings in Golar LNG Limited (NASDAQ:GLNG) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,005 shares of the shipping company’s stock after acquiring an additional 421 shares during the quarter. J.Safra Asset Management Corp’s holdings in Golar LNG were worth $166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in Golar LNG by 358.9% in the first quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 506 shares during the last quarter. Quarry LP bought a new position in Golar LNG in the first quarter valued at approximately $26,000. SVB Wealth LLC bought a new position in Golar LNG in the first quarter valued at approximately $31,000. Signaturefd LLC boosted its stake in Golar LNG by 64.6% in the second quarter. Signaturefd LLC now owns 856 shares of the shipping company’s stock valued at $35,000 after acquiring an additional 336 shares during the last quarter. Finally, CWM LLC boosted its stake in Golar LNG by 110.1% in the second quarter. CWM LLC now owns 1,855 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 972 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Golar LNG Trading Down 3.5%

Shares of NASDAQ:GLNG opened at $38.12 on Wednesday. Golar LNG Limited has a 12 month low of $29.56 and a 12 month high of $45.98. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $41.16 and its 200 day simple moving average is $40.20. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -544.49 and a beta of 0.22.

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

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 26th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 26th. Golar LNG’s dividend payout ratio (DPR) is presently -1,428.57%.

Wall Street Analyst Weigh In

GLNG has been the topic of a number of recent research reports. Zacks Research raised shares of Golar LNG from a “strong sell” rating to a “hold” rating in a research note on Friday, September 12th. Citigroup assumed coverage on shares of Golar LNG in a research report on Friday. They set a “buy” rating and a $51.00 price target on the stock. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. B. Riley reissued a “neutral” rating and set a $44.50 price target on shares of Golar LNG in a research report on Monday, August 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Golar LNG in a research report on Monday, September 29th. They set a “buy” rating and a $54.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $50.50.

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.