Tidal Investments LLC Acquires 19,189 Shares of Golar LNG Limited (NASDAQ:GLNG)

Tidal Investments LLC grew its holdings in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 101.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,076 shares of the shipping company's stock after buying an additional 19,189 shares during the period. Tidal Investments LLC's holdings in Golar LNG were worth $1,400,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its holdings in Golar LNG by 11.1% in the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company's stock worth $132,000 after acquiring an additional 417 shares in the last quarter. Beck Capital Management LLC increased its holdings in shares of Golar LNG by 0.7% during the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company's stock valued at $2,355,000 after acquiring an additional 558 shares in the last quarter. Blue Trust Inc. raised its position in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock worth $50,000 after purchasing an additional 703 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Golar LNG in the 3rd quarter worth $32,000. Finally, The Manufacturers Life Insurance Company grew its position in Golar LNG by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company's stock valued at $1,115,000 after purchasing an additional 992 shares during the period. Institutional investors own 92.21% of the company's stock.

Analyst Ratings Changes

GLNG has been the topic of several research reports. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a report on Monday, December 9th. Fearnley Fonds downgraded shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.63.

Golar LNG Stock Up 2.2 %

NASDAQ:GLNG traded up $0.89 during trading hours on Thursday, hitting $41.50. 2,433,632 shares of the company traded hands, compared to its average volume of 1,229,865. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.33 billion, a PE ratio of 296.45 and a beta of 0.61. The firm's 50-day simple moving average is $38.54 and its 200-day simple moving average is $34.76. Golar LNG Limited has a one year low of $19.94 and a one year high of $44.08.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Monday, November 25th. Golar LNG's payout ratio is currently 714.29%.

About Golar LNG

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.