Cool Company Ltd. (NYSE:CLCO - Get Free Report) shares were down 1.8% during trading on Tuesday . The company traded as low as $10.38 and last traded at $10.40. Approximately 214,340 shares changed hands during trading, a decline of 5% from the average daily volume of 225,833 shares. The stock had previously closed at $10.59.
Cool Price Performance
The stock has a fifty day moving average of $11.23 and a 200 day moving average of $11.54. The stock has a market cap of $401.70 million, a price-to-earnings ratio of 5.49 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.34 and a quick ratio of 0.34.
Cool Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a $0.41 dividend. The ex-dividend date was Monday, September 9th. This represents a $1.64 dividend on an annualized basis and a yield of 16.33%. Cool's payout ratio is 89.62%.
Hedge Funds Weigh In On Cool
A number of large investors have recently added to or reduced their stakes in the stock. Seelaus Asset Management LLC purchased a new stake in shares of Cool in the 1st quarter valued at approximately $115,000. Susquehanna International Group Ltd. purchased a new stake in Cool during the first quarter worth approximately $275,000. Granite Bay Wealth Management LLC acquired a new position in shares of Cool in the 2nd quarter valued at $290,000. Donald Smith & CO. Inc. grew its holdings in shares of Cool by 2.4% during the third quarter. Donald Smith & CO. Inc. now owns 3,462,769 shares of the company's stock worth $39,095,000 after purchasing an additional 82,563 shares during the last quarter. Finally, Hosking Partners LLP purchased a new stake in Cool in the first quarter valued at approximately $12,124,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.
Cool Company Profile
(
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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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