Two Seas Capital LP Has $43.57 Million Stake in Golar LNG Limited $GLNG

Two Seas Capital LP raised its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 6.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,170,998 shares of the shipping company’s stock after buying an additional 75,000 shares during the period. Golar LNG comprises approximately 0.9% of Two Seas Capital LP’s investment portfolio, making the stock its 15th biggest holding. Two Seas Capital LP’s holdings in Golar LNG were worth $43,573,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new position in Golar LNG during the 4th quarter valued at about $596,000. State of Wyoming boosted its stake in shares of Golar LNG by 12.7% in the 4th quarter. State of Wyoming now owns 3,878 shares of the shipping company’s stock worth $144,000 after buying an additional 436 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Golar LNG by 283.3% in the 4th quarter. TD Asset Management Inc now owns 80,196 shares of the shipping company’s stock worth $2,984,000 after buying an additional 59,272 shares during the last quarter. SCP Investment LP purchased a new position in shares of Golar LNG in the 4th quarter worth approximately $253,000. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Golar LNG by 9.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 285,076 shares of the shipping company’s stock worth $10,608,000 after buying an additional 24,576 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

Golar LNG stock opened at $50.67 on Friday. Golar LNG Limited has a 12 month low of $35.02 and a 12 month high of $57.79. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.14. The business’s 50 day simple moving average is $53.72 and its 200 day simple moving average is $45.52. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 36.72 and a beta of 0.02.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%.The business had revenue of $137.55 million for the quarter. Sell-side analysts forecast that Golar LNG Limited will post 0.72 EPS for the current year.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, June 1st will be paid a $0.25 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.00 annualized dividend and a yield of 2.0%. Golar LNG’s dividend payout ratio is presently 72.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GLNG. Pareto Securities downgraded Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded Golar LNG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $65.00 target price on shares of Golar LNG in a research note on Thursday, May 21st. BTIG Research restated a “buy” rating and issued a $67.00 target price on shares of Golar LNG in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded Golar LNG from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.70.

About Golar LNG

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.