Royce & Associates LP Has $2.98 Million Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Royce & Associates LP lifted its stake in shares of Golar LNG Limited (NASDAQ:GLNG - Free Report) by 102.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,000 shares of the shipping company's stock after acquiring an additional 41,000 shares during the quarter. Royce & Associates LP owned about 0.08% of Golar LNG worth $2,978,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Golar LNG by 53.7% in the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company's stock worth $54,319,000 after buying an additional 605,499 shares during the last quarter. Vanguard Group Inc. raised its holdings in Golar LNG by 74.4% in the 1st quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company's stock worth $24,436,000 after acquiring an additional 433,299 shares during the period. Driehaus Capital Management LLC acquired a new position in Golar LNG during the 2nd quarter worth $10,554,000. Susquehanna Fundamental Investments LLC bought a new stake in Golar LNG during the second quarter valued at about $5,805,000. Finally, Renaissance Technologies LLC grew its position in shares of Golar LNG by 115.3% in the second quarter. Renaissance Technologies LLC now owns 305,992 shares of the shipping company's stock valued at $9,593,000 after purchasing an additional 163,900 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Price Performance

Shares of NASDAQ:GLNG traded up $0.46 on Tuesday, hitting $34.90. The stock had a trading volume of 509,757 shares, compared to its average volume of 1,189,976. The firm's 50 day moving average price is $36.31 and its 200-day moving average price is $32.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. Golar LNG Limited has a twelve month low of $19.94 and a twelve month high of $39.40. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 26.04 and a beta of 0.58.

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.87%. Golar LNG's dividend payout ratio is 74.63%.

Analysts Set New Price Targets

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

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.