Emerald Mutual Fund Advisers Trust Takes Position in Golar LNG Limited $GLNG

Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Golar LNG Limited (NASDAQ:GLNG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,800 shares of the shipping company’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in Golar LNG by 358.9% during the first quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company’s stock worth $25,000 after purchasing an additional 506 shares during the period. Quarry LP bought a new position in Golar LNG in the 1st quarter worth approximately $26,000. SVB Wealth LLC bought a new position in Golar LNG in the 1st quarter worth approximately $31,000. Signaturefd LLC boosted its holdings in Golar LNG by 64.6% in the 2nd quarter. Signaturefd LLC now owns 856 shares of the shipping company’s stock worth $35,000 after buying an additional 336 shares during the period. Finally, CWM LLC boosted its holdings in Golar LNG by 110.1% in the 2nd quarter. CWM LLC now owns 1,855 shares of the shipping company’s stock worth $76,000 after buying an additional 972 shares during the period. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GLNG has been the subject of a number of analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $44.50 price target on shares of Golar LNG in a report on Monday, August 25th. The Goldman Sachs Group started coverage on Golar LNG in a research note on Monday, September 29th. They issued a “buy” rating and a $54.00 target price for the company. Citigroup started coverage on shares of Golar LNG in a research report on Friday, October 10th. They issued a “buy” rating and a $51.00 price objective for the company. Zacks Research upgraded shares of Golar LNG from a “strong sell” rating to a “hold” rating in a research report on Friday, September 12th. Finally, Wall Street Zen upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $50.50.

Golar LNG Trading Down 0.4%

Shares of GLNG opened at $40.49 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.47. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of -578.35 and a beta of 0.22. The firm has a 50 day moving average price of $40.71 and a 200-day moving average price of $40.59. Golar LNG Limited has a fifty-two week low of $29.56 and a fifty-two week high of $45.98.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, August 14th. The shipping company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Golar LNG had a negative net margin of 2.83% and a positive return on equity of 6.36%. The company had revenue of $75.67 million during the quarter, compared to the consensus estimate of $79.37 million. As a group, equities research analysts forecast that Golar LNG Limited will post 1.39 earnings per share for the current year.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 26th were issued a $0.25 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $1.00 annualized dividend and a yield of 2.5%. Golar LNG’s dividend payout ratio is -1,428.57%.

About Golar LNG

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.