Barclays PLC raised its holdings in shares of Cool Company Ltd. (NYSE:CLCO - Free Report) by 2,551.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,791 shares of the company's stock after acquiring an additional 46,951 shares during the quarter. Barclays PLC owned approximately 0.09% of Cool worth $551,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in CLCO. Mirabella Financial Services LLP raised its stake in Cool by 6,596.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company's stock worth $45,274,000 after acquiring an additional 3,957,612 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Cool by 2.4% during the third quarter. Donald Smith & CO. Inc. now owns 3,462,769 shares of the company's stock worth $39,095,000 after purchasing an additional 82,563 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Cool in the 2nd quarter valued at about $290,000. Apollon Wealth Management LLC boosted its position in shares of Cool by 93.9% in the 3rd 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 during the period. Finally, CWA Asset Management Group LLC purchased a new position in Cool during the 3rd quarter worth approximately $190,000. Hedge funds and other institutional investors own 20.66% of the company's stock.
Cool Stock Down 2.7 %
CLCO traded down $0.24 during trading on Friday, hitting $8.57. 174,745 shares of the stock were exchanged, compared to its average volume of 175,999. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. Cool Company Ltd. has a 1-year low of $6.92 and a 1-year high of $13.68. The stock has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $10.35.
Cool Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 7.00%.
Cool Profile
(
Free Report)
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.
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