Quantbot Technologies LP Makes New $3.98 Million Investment in Golar LNG Limited (NASDAQ:GLNG)

Quantbot Technologies LP bought a new stake in Golar LNG Limited (NASDAQ:GLNG) in the third quarter, HoldingsChannel reports. The fund bought 108,285 shares of the shipping company’s stock, valued at approximately $3,981,000.

A number of other large investors have also modified their holdings of GLNG. Vanguard Group Inc. grew its stake in shares of Golar LNG by 74.4% in the first quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company’s stock valued at $24,436,000 after buying an additional 433,299 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Golar LNG by 13.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 27,990 shares of the shipping company’s stock valued at $674,000 after buying an additional 3,315 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Golar LNG in the first quarter valued at about $291,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Golar LNG in the second quarter valued at about $45,000. Finally, Lake Hills Wealth Management LLC acquired a new stake in shares of Golar LNG in the second quarter valued at about $212,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Trading Down 4.2 %

Shares of NASDAQ GLNG opened at $39.51 on Wednesday. Golar LNG Limited has a 12-month low of $19.94 and a 12-month 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 company has a market cap of $4.12 billion, a price-to-earnings ratio of 282.23 and a beta of 0.58. The stock’s 50 day simple moving average is $36.99 and its 200 day simple moving average is $33.13.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, November 25th. Golar LNG’s dividend payout ratio is currently 714.34%.

Analyst Ratings Changes

GLNG has been the subject of a number of recent research reports. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Wednesday, November 13th. Stifel Nicolaus lowered their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their price objective on 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 Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.63.

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.