Donald Smith & CO. Inc. increased its holdings in Cool Company Ltd. (NYSE:CLCO - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,462,769 shares of the company's stock after acquiring an additional 82,563 shares during the period. Donald Smith & CO. Inc. owned about 8.65% of Cool worth $39,095,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Seelaus Asset Management LLC purchased a new stake in Cool in the first quarter worth $115,000. Susquehanna International Group Ltd. bought a new stake in Cool in the 1st quarter valued at about $275,000. Granite Bay Wealth Management LLC purchased a new stake in Cool during the second quarter valued at about $290,000. Finally, Hosking Partners LLP bought a new position in Cool during the first quarter worth about $12,124,000. 20.66% of the stock is owned by hedge funds and other institutional investors.
Cool Stock Performance
Shares of CLCO stock traded down $0.36 during trading on Wednesday, reaching $10.04. 878,340 shares of the company's stock traded hands, compared to its average volume of 228,940. The firm's 50-day moving average is $11.26 and its 200 day moving average is $11.55. The company has a market capitalization of $401.70 million, a P/E ratio of 5.68 and a beta of 0.42. Cool Company Ltd. has a 1 year low of $9.89 and a 1 year high of $13.94. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00.
Cool Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 16.33%. The ex-dividend date was Monday, September 9th. Cool's payout ratio is presently 89.62%.
About Cool
(
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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