Cool Company Ltd. (NYSE:CLCO - Free Report) - Equities research analysts at B. Riley reduced their Q4 2024 earnings per share estimates for shares of Cool in a research report issued on Thursday, November 21st. B. Riley analyst L. Burke now anticipates that the company will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.47. The consensus estimate for Cool's current full-year earnings is $2.03 per share.
Cool Price Performance
NYSE:CLCO traded down $0.35 during mid-day trading on Monday, reaching $8.46. 1,074,434 shares of the stock were exchanged, compared to its average volume of 248,853. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43. The business has a fifty day moving average price of $10.81 and a 200 day moving average price of $11.44. Cool has a 1-year low of $8.44 and a 1-year high of $13.68.
Cool Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $0.15 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 7.09%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. boosted its position in Cool by 2.4% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,462,769 shares of the company's stock worth $39,095,000 after acquiring an additional 82,563 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in shares of Cool during the second quarter worth approximately $290,000. Apollon Wealth Management LLC grew its position in Cool by 93.9% during the third quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company's stock valued at $244,000 after purchasing an additional 10,482 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Cool in the 3rd quarter valued at approximately $190,000. Finally, Mirabella Financial Services LLP lifted its position in Cool by 6,596.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company's stock worth $45,274,000 after buying an additional 3,957,612 shares in the last quarter. Institutional investors and hedge funds own 20.66% of the company's stock.
Cool Company Profile
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Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.
Further Reading
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