FMR LLC lessened its stake in shares of Cool Company Ltd. (NYSE:CLCO - Free Report) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,601,758 shares of the company's stock after selling 138,773 shares during the period. FMR LLC's holdings in Cool were worth $18,032,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CWA Asset Management Group LLC bought a new stake in Cool during the 3rd quarter valued at $190,000. Apollon Wealth Management LLC grew its stake 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 acquiring an additional 10,482 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of Cool during the second quarter worth about $290,000. Donald Smith & CO. Inc. raised its position in Cool by 2.4% during the third quarter. Donald Smith & CO. Inc. now owns 3,462,769 shares of the company's stock valued at $39,095,000 after purchasing an additional 82,563 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its stake in shares of Cool by 6,596.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company's stock valued at $45,274,000 after purchasing an additional 3,957,612 shares in the last quarter. Institutional investors and hedge funds own 20.66% of the company's stock.
Cool Trading Down 4.7 %
Shares of NYSE:CLCO traded down $0.36 during midday trading on Wednesday, hitting $7.25. 412,818 shares of the stock traded hands, compared to its average volume of 256,218. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. Cool Company Ltd. has a one year low of $7.22 and a one year high of $13.68. The business's 50 day moving average is $10.05 and its two-hundred day moving average is $11.10.
Cool Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 8.28%. The ex-dividend date was Monday, December 2nd.
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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