Dynamic Technology Lab Private Ltd Purchases Shares of 10,980 Golar LNG Limited (NASDAQ:GLNG)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,980 shares of the shipping company's stock, valued at approximately $465,000.

Several other hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Golar LNG in the 3rd quarter worth $32,000. USA Financial Formulas purchased a new position in Golar LNG during the fourth quarter worth $61,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Golar LNG in the fourth quarter valued at $107,000. Blue Trust Inc. boosted its position in shares of Golar LNG by 116.8% during the fourth 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 during the period. Finally, J.Safra Asset Management Corp purchased a new stake in Golar LNG in the fourth quarter worth $141,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Golar LNG Stock Down 1.2 %

Shares of Golar LNG stock traded down $0.44 on Monday, reaching $36.83. The stock had a trading volume of 401,085 shares, compared to its average volume of 1,354,305. Golar LNG Limited has a 1 year low of $24.21 and a 1 year high of $44.36. The company has a 50 day moving average price of $37.14 and a 200 day moving average price of $38.77. The stock has a market capitalization of $3.85 billion, a P/E ratio of 263.09 and a beta of 0.47.

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Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.72%. Golar LNG's dividend payout ratio is presently 208.33%.

Wall Street Analyst Weigh In

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

Golar LNG Company 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.