Atika Capital Management LLC Buys Shares of 198,500 Golar LNG Limited (NASDAQ:GLNG)

Atika Capital Management LLC bought a new position in Golar LNG Limited (NASDAQ:GLNG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 198,500 shares of the shipping company's stock, valued at approximately $8,401,000. Atika Capital Management LLC owned about 0.19% of Golar LNG at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLNG. Public Employees Retirement System of Ohio acquired a new position in shares of Golar LNG during the third quarter worth about $32,000. USA Financial Formulas bought a new stake in shares of Golar LNG in the fourth quarter worth $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Golar LNG during the fourth quarter worth $107,000. Blue Trust Inc. boosted its holdings in Golar LNG by 116.8% during the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after purchasing an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in Golar LNG during the 4th quarter worth about $141,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Performance

Shares of GLNG stock traded up $3.04 during trading on Friday, hitting $36.43. The company had a trading volume of 1,903,849 shares, compared to its average volume of 1,648,943. The firm has a market capitalization of $3.81 billion, a P/E ratio of 260.24 and a beta of 0.47. Golar LNG Limited has a one year low of $24.21 and a one year high of $44.36. The stock's 50-day moving average price is $37.24 and its 200 day moving average price is $38.73.

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Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.00 annualized dividend and a yield of 2.74%. Golar LNG's dividend payout ratio is 208.33%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GLNG shares. DNB Markets downgraded Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Stifel Nicolaus lifted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. Finally, Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Golar LNG presently has an average rating of "Moderate Buy" and an average target price of $50.13.

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.