Golar LNG Limited (GLNG) Shares Sold by Yorkville Capital Management LLC
Yorkville Capital Management LLC lowered its position in Golar LNG Limited (NASDAQ:GLNG) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,900 shares of the shipping company’s stock after selling 4,320 shares during the quarter. Golar LNG Limited makes up approximately 2.0% of Yorkville Capital Management LLC’s holdings, making the stock its 22nd biggest position. Yorkville Capital Management LLC owned about 0.08% of Golar LNG Limited worth $1,778,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential PLC grew its stake in Golar LNG Limited by 2.3% in the second quarter. Prudential PLC now owns 1,821,946 shares of the shipping company’s stock valued at $40,538,000 after purchasing an additional 40,946 shares in the last quarter. State Street Corp grew its stake in Golar LNG Limited by 6.2% in the second quarter. State Street Corp now owns 1,734,953 shares of the shipping company’s stock valued at $38,608,000 after purchasing an additional 101,007 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in Golar LNG Limited by 79.3% in the second quarter. HITE Hedge Asset Management LLC now owns 1,567,493 shares of the shipping company’s stock valued at $34,877,000 after purchasing an additional 693,185 shares in the last quarter. Balyasny Asset Management LLC grew its stake in Golar LNG Limited by 35.1% in the second quarter. Balyasny Asset Management LLC now owns 1,136,056 shares of the shipping company’s stock valued at $25,277,000 after purchasing an additional 295,073 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Golar LNG Limited by 1.9% in the second quarter. Northern Trust Corp now owns 914,655 shares of the shipping company’s stock valued at $20,351,000 after purchasing an additional 16,696 shares in the last quarter. Hedge funds and other institutional investors own 87.91% of the company’s stock.
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Shares of Golar LNG Limited (NASDAQ:GLNG) traded down 0.7807% during mid-day trading on Tuesday, hitting $22.2152. The company’s stock had a trading volume of 192,312 shares. Golar LNG Limited has a 1-year low of $19.94 and a 1-year high of $29.18. The company has a 50-day moving average price of $21.72 and a 200-day moving average price of $23.51. The stock’s market cap is $2.18 billion.
Golar LNG Limited (NASDAQ:GLNG) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.11). The company had revenue of $28.41 million during the quarter, compared to the consensus estimate of $17.03 million. Golar LNG Limited had a negative net margin of 179.35% and a negative return on equity of 7.78%. Analysts predict that Golar LNG Limited will post ($1.94) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, September 13th.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Golar LNG Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and issued a $36.00 target price on shares of Golar LNG Limited in a research note on Wednesday, July 5th. Cowen and Company restated an “outperform” rating and issued a $45.00 target price on shares of Golar LNG Limited in a research note on Friday, June 23rd. ValuEngine downgraded Golar LNG Limited from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $31.00 target price (down previously from $32.00) on shares of Golar LNG Limited in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.67.
Golar LNG Limited Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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