Jump Financial LLC Makes New Investment in Golar LNG Limited (NASDAQ:GLNG)

Jump Financial LLC bought a new stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,082 shares of the shipping company's stock, valued at approximately $808,000.

Several other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG in the 3rd quarter worth $32,000. USA Financial Formulas bought a new stake in Golar LNG during the fourth quarter valued at about $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG in the fourth quarter worth about $107,000. Blue Trust Inc. lifted its position in shares of Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock valued at $126,000 after buying an additional 1,603 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new position in shares of Golar LNG during the 4th quarter valued at approximately $141,000. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Price Performance

Shares of GLNG stock traded up $0.14 during trading hours on Friday, hitting $40.31. The stock had a trading volume of 826,657 shares, compared to its average volume of 1,377,352. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 287.95 and a beta of 0.47. Golar LNG Limited has a one year low of $24.42 and a one year high of $44.36. The stock's 50-day moving average price is $36.61 and its two-hundred day moving average price is $38.77.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) is presently 208.33%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Fearnley Fonds upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. DNB Markets upgraded Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday. Finally, Dnb Nor Markets upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Golar LNG has an average rating of "Buy" and an average target price of $49.70.

Golar LNG 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.