Ardsley Advisory Partners bought a new position in shares of Golar LNG Partners LP (NASDAQ:GMLP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,000 shares of the shipping company’s stock, valued at approximately $773,000. Ardsley Advisory Partners owned 0.07% of Golar LNG Partners as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Huber Capital Management LLC boosted its holdings in shares of Golar LNG Partners by 11.5% during the 2nd quarter. Huber Capital Management LLC now owns 1,923,569 shares of the shipping company’s stock worth $29,738,000 after buying an additional 198,135 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Golar LNG Partners by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 160,020 shares of the shipping company’s stock worth $2,474,000 after buying an additional 15,696 shares during the period. FMR LLC boosted its holdings in shares of Golar LNG Partners by 52.8% during the 2nd quarter. FMR LLC now owns 6,890,460 shares of the shipping company’s stock worth $106,527,000 after buying an additional 2,379,700 shares during the period. SG Americas Securities LLC bought a new stake in shares of Golar LNG Partners during the 2nd quarter worth about $2,794,000. Finally, Wedbush Securities Inc. boosted its holdings in shares of Golar LNG Partners by 28.4% during the 2nd quarter. Wedbush Securities Inc. now owns 18,926 shares of the shipping company’s stock worth $293,000 after buying an additional 4,181 shares during the period. 39.95% of the stock is owned by institutional investors and hedge funds.

NASDAQ GMLP opened at $12.89 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $911.76 million, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. Golar LNG Partners LP has a 12-month low of $12.71 and a 12-month high of $23.46.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings data on Thursday, August 23rd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. The firm had revenue of $84.20 million during the quarter, compared to the consensus estimate of $81.17 million. Golar LNG Partners had a net margin of 26.85% and a return on equity of 13.60%. research analysts forecast that Golar LNG Partners LP will post 1.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th were issued a $0.577 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 17.91%. The ex-dividend date was Monday, August 6th. Golar LNG Partners’s dividend payout ratio is currently 122.87%.

Several analysts recently commented on the stock. BidaskClub downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. B. Riley assumed coverage on shares of Golar LNG Partners in a report on Wednesday, September 5th. They set a “neutral” rating and a $17.00 target price for the company. BTIG Research assumed coverage on shares of Golar LNG Partners in a report on Wednesday, July 18th. They set a “neutral” rating for the company. ValuEngine downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Finally, Zacks Investment Research downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.86.

Golar LNG Partners Company Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

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Institutional Ownership by Quarter for Golar LNG Partners (NASDAQ:GMLP)

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