Quantbot Technologies LP Purchases Shares of 108,285 Golar LNG Limited (NASDAQ:GLNG)

Quantbot Technologies LP acquired a new stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 108,285 shares of the shipping company's stock, valued at approximately $3,981,000. Quantbot Technologies LP owned 0.10% of Golar LNG as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLNG. Banque Cantonale Vaudoise boosted its position in shares of Golar LNG by 11.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company's stock valued at $132,000 after acquiring an additional 417 shares during the last quarter. Beck Capital Management LLC raised its stake in Golar LNG by 0.7% in the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company's stock valued at $2,355,000 after purchasing an additional 558 shares in the last quarter. Blue Trust Inc. lifted its position in Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company's stock valued at $50,000 after purchasing an additional 703 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Golar LNG by 2.9% during the second 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 last quarter. Finally, O Brien Greene & Co. Inc grew its stake in Golar LNG by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 60,000 shares of the shipping company's stock worth $1,881,000 after buying an additional 1,000 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Golar LNG from $43.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 16th. StockNews.com raised Golar LNG to a "sell" rating in a report on Wednesday, November 13th. Finally, Fearnley Fonds lowered Golar LNG from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.63.

Golar LNG Trading Down 0.6 %

Shares of NASDAQ:GLNG traded down $0.22 on Wednesday, reaching $39.29. 1,056,433 shares of the company traded hands, compared to its average volume of 1,202,342. Golar LNG Limited has a 52 week low of $19.94 and a 52 week high of $41.54. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The business's 50-day simple moving average is $37.13 and its 200 day simple moving average is $33.18. The stock has a market capitalization of $4.10 billion, a P/E ratio of 280.66 and a beta of 0.58.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, November 25th. Golar LNG's dividend payout ratio is 714.34%.

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.