Rossby Financial LCC Invests $233,000 in Golar LNG Limited (NASDAQ:GLNG)

Rossby Financial LCC purchased a new stake in Golar LNG Limited (NASDAQ:GLNG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,500 shares of the shipping company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Golar LNG in the third quarter valued at $32,000. USA Financial Formulas purchased a new position in shares of Golar LNG during the fourth quarter worth about $61,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Golar LNG in the 4th quarter valued at about $107,000. Blue Trust Inc. raised its stake in Golar LNG by 116.8% during the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after acquiring an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in Golar LNG during the 4th quarter worth approximately $141,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Stock Performance

Golar LNG stock opened at $36.72 on Tuesday. Golar LNG Limited has a one year low of $24.21 and a one year high of $44.36. The company has a market cap of $3.84 billion, a P/E ratio of 262.30 and a beta of 0.47. The business has a fifty day moving average of $37.01 and a two-hundred day moving average of $38.77.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG’s dividend payout ratio is currently 208.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Fearnley Fonds raised Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Stifel Nicolaus upped their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Thursday, March 20th. Finally, DNB Markets lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.13.

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.