Militia Capital Management LLC Takes $1.62 Million Position in Golar LNG Limited $GLNG

Militia Capital Management LLC bought a new position in shares of Golar LNG Limited (NASDAQ:GLNG) in the first quarter, HoldingsChannel reports. The fund bought 30,000 shares of the shipping company’s stock, valued at approximately $1,623,000.

Other large investors have also recently bought and sold shares of the company. Amundi boosted its holdings in shares of Golar LNG by 29.6% in the first quarter. Amundi now owns 19,586 shares of the shipping company’s stock valued at $744,000 after acquiring an additional 4,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Golar LNG by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock valued at $2,238,000 after purchasing an additional 2,572 shares during the period. Legal & General Group Plc raised its holdings in shares of Golar LNG by 2.8% in the second quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock valued at $704,000 after buying an additional 459 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Golar LNG by 68.4% in the second quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock valued at $481,000 after buying an additional 4,746 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Golar LNG by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock worth $56,000 after buying an additional 657 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $65.00 price objective on shares of Golar LNG in a research report on Thursday, May 21st. The Goldman Sachs Group set a $66.00 price target on Golar LNG and gave the stock a “conviction-buy” rating in a research note on Tuesday, July 7th. BTIG Research reaffirmed a “buy” rating and set a $67.00 price target on shares of Golar LNG in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings raised shares of Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.70.

Golar LNG Price Performance

Shares of GLNG opened at $49.15 on Monday. 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 stock’s 50 day moving average is $50.17 and its two-hundred day moving average is $49.11. Golar LNG Limited has a twelve month low of $35.02 and a twelve month high of $57.79. The firm has a market capitalization of $4.98 billion, a PE ratio of 35.62 and a beta of 0.05.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $137.55 million during the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%. Research analysts anticipate that Golar LNG Limited will post 0.72 earnings per share for the current year.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, June 1st were given a $0.25 dividend. The ex-dividend date was 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%.

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.