Headlands Technologies LLC Takes Position in Golar LNG Limited (NASDAQ:GLNG)

Headlands Technologies LLC acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,101 shares of the shipping company’s stock, valued at approximately $117,000.

Other hedge funds also recently modified their holdings of the company. Rubric Capital Management LP grew its position in shares of Golar LNG by 0.8% during the 3rd quarter. Rubric Capital Management LP now owns 6,506,757 shares of the shipping company’s stock valued at $157,854,000 after buying an additional 50,000 shares during the last quarter. FMR LLC increased its holdings in Golar LNG by 27.9% in the third quarter. FMR LLC now owns 4,427,697 shares of the shipping company’s stock worth $107,416,000 after buying an additional 965,932 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Golar LNG by 59.1% in the third quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock worth $21,545,000 after buying an additional 330,059 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Golar LNG by 349.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 808,265 shares of the shipping company’s stock worth $19,609,000 after acquiring an additional 628,265 shares during the last quarter. Finally, Hosking Partners LLP grew its holdings in shares of Golar LNG by 20.1% during the 3rd quarter. Hosking Partners LLP now owns 766,339 shares of the shipping company’s stock worth $18,591,000 after purchasing an additional 128,416 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Golar LNG from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.

Golar LNG Stock Down 0.6 %

GLNG opened at $24.95 on Tuesday. The company has a 50 day moving average of $23.54 and a 200 day moving average of $22.71. The company has a market cap of $2.61 billion, a PE ratio of -58.02 and a beta of 0.61. Golar LNG Limited has a 12 month low of $19.62 and a 12 month high of $25.90. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.40. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. The firm had revenue of $78.65 million for the quarter, compared to analysts’ expectations of $76.85 million. On average, sell-side analysts expect that Golar LNG Limited will post 1.66 EPS for the current year.

Golar LNG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were issued a $0.25 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.01%. Golar LNG’s dividend payout ratio is currently -232.55%.

Golar LNG Company 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.