Sippican Capital Advisors Grows Position in Golar LNG Partners LP (GMLP)

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Sippican Capital Advisors raised its stake in Golar LNG Partners LP (NASDAQ:GMLP) by 25.9% during the 1st quarter, Holdings Channel reports. The firm owned 15,920 shares of the shipping company’s stock after acquiring an additional 3,275 shares during the period. Sippican Capital Advisors’ holdings in Golar LNG Partners were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Stockman Wealth Management Inc. grew its position in shares of Golar LNG Partners by 6.0% in the fourth quarter. Stockman Wealth Management Inc. now owns 14,050 shares of the shipping company’s stock valued at $152,000 after purchasing an additional 800 shares during the period. Peak Asset Management LLC grew its position in Golar LNG Partners by 2.9% during the fourth quarter. Peak Asset Management LLC now owns 42,837 shares of the shipping company’s stock valued at $463,000 after acquiring an additional 1,227 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Golar LNG Partners by 12.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock worth $123,000 after buying an additional 1,240 shares during the period. SeaBridge Investment Advisors LLC lifted its stake in shares of Golar LNG Partners by 100.0% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the shipping company’s stock worth $43,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in shares of Golar LNG Partners by 1.6% in the fourth quarter. Rafferty Asset Management LLC now owns 138,411 shares of the shipping company’s stock worth $1,495,000 after acquiring an additional 2,116 shares in the last quarter. Institutional investors own 33.47% of the company’s stock.

Several equities analysts have recently commented on the company. BidaskClub raised Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America lowered Golar LNG Partners from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a report on Friday, March 1st. ValuEngine lowered Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.71.

NASDAQ:GMLP traded down $0.07 on Wednesday, hitting $12.66. The company had a trading volume of 1,762 shares, compared to its average volume of 205,758. The company has a market cap of $897.47 million, a price-to-earnings ratio of 12.07, a PEG ratio of 1.46 and a beta of 1.17. Golar LNG Partners LP has a 52 week low of $10.23 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.21 and a quick ratio of 1.19.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings data on Wednesday, February 27th. The shipping company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.58). The business had revenue of $80.00 million during the quarter, compared to the consensus estimate of $89.28 million. Golar LNG Partners had a net margin of 21.11% and a return on equity of 11.02%. As a group, analysts expect that Golar LNG Partners LP will post 1.1 EPS for the current year.

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Golar LNG Partners Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

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Institutional Ownership by Quarter for Golar LNG Partners (NASDAQ:GMLP)

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