B. Riley Issues Negative Forecast for Cool Earnings

Cool Company Ltd. (NYSE:CLCO) – Investment analysts at B. Riley cut their Q4 2024 earnings per share estimates for Cool in a research report issued on Thursday, November 21st. B. Riley analyst L. Burke now expects that the company will post earnings of $0.36 per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for Cool’s current full-year earnings is $2.03 per share.

Cool Trading Down 4.0 %

NYSE CLCO opened at $8.46 on Monday. Cool has a fifty-two week low of $8.44 and a fifty-two week high of $13.68. The firm’s fifty day moving average price is $10.81 and its two-hundred day moving average price is $11.44. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 1.01.

Cool Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Monday, December 2nd.

Institutional Trading of Cool

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Granite Bay Wealth Management LLC acquired a new position in Cool in the second quarter valued at $290,000. Donald Smith & CO. Inc. lifted its holdings in shares of Cool by 5.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,380,206 shares of the company’s stock worth $39,785,000 after purchasing an additional 165,380 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Cool during the third quarter valued at about $190,000. Apollon Wealth Management LLC lifted its position in Cool by 93.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock valued at $244,000 after acquiring an additional 10,482 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its position in shares of Cool by 6,596.0% during the third quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock valued at $45,274,000 after buying an additional 3,957,612 shares during the last quarter. 20.66% of the stock is currently owned by institutional investors and hedge funds.

Cool Company Profile

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.