JPMorgan Chase & Co. reduced its stake in shares of Cool Company Ltd. (NYSE:CLCO - Free Report) by 87.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,478 shares of the company's stock after selling 30,515 shares during the period. JPMorgan Chase & Co.'s holdings in Cool were worth $51,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Cool in the 3rd quarter worth approximately $124,000. Quadrature Capital Ltd bought a new stake in Cool in the third quarter worth $124,000. CWA Asset Management Group LLC purchased a new stake in Cool during the third quarter valued at about $190,000. Apollon Wealth Management LLC grew its stake in shares of 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 buying an additional 10,482 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Cool by 2,551.7% in the third quarter. Barclays PLC now owns 48,791 shares of the company's stock worth $551,000 after buying an additional 46,951 shares during the period. 20.66% of the stock is currently owned by hedge funds and other institutional investors.
Cool Price Performance
CLCO stock traded down $0.06 during trading on Friday, hitting $7.37. 164,649 shares of the company traded hands, compared to its average volume of 177,686. The company has a 50-day moving average of $8.03 and a 200-day moving average of $9.98. 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.
Cool Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend was Monday, December 2nd.
Cool Company 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.
Further Reading
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