Capital CS Group LLC Purchases Shares of 18,307 Golar LNG Limited (NASDAQ:GLNG)

Capital CS Group LLC purchased a new position in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,307 shares of the shipping company's stock, valued at approximately $673,000. Golar LNG comprises 0.8% of Capital CS Group LLC's investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Truist Financial Corp acquired a new stake in Golar LNG in the second quarter valued at about $242,000. Quarry LP raised its stake in shares of Golar LNG by 1,559.3% during the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company's stock worth $73,000 after buying an additional 2,183 shares in the last quarter. Murchinson Ltd. acquired a new stake in shares of Golar LNG in the 2nd quarter valued at approximately $1,301,000. Driehaus Capital Management LLC purchased a new stake in shares of Golar LNG in the second quarter valued at approximately $10,554,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Golar LNG during the second quarter worth $5,805,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GLNG shares. BTIG Research raised their target price on Golar LNG from $36.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, June 25th. Stifel Nicolaus reduced their price objective on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research note on Friday, August 16th. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Finally, B. Riley boosted their price target on Golar LNG from $35.50 to $44.50 and gave the stock a "buy" rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.63.

Golar LNG Price Performance

NASDAQ:GLNG traded down $0.08 during mid-day trading on Friday, hitting $38.76. 1,141,292 shares of the company's stock traded hands, compared to its average volume of 1,222,598. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The company has a market cap of $4.05 billion, a PE ratio of 36.91 and a beta of 0.58. The firm's 50 day simple moving average is $33.61 and its 200 day simple moving average is $29.87. Golar LNG Limited has a 1 year low of $19.94 and a 1 year high of $39.10.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The shipping company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. The business had revenue of $62.98 million for the quarter, compared to analysts' expectations of $67.38 million. Sell-side analysts expect that Golar LNG Limited will post 1.56 EPS for the current year.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, August 26th. Golar LNG's payout ratio is 95.24%.

Golar LNG 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.