Kingswood Wealth Advisors LLC Has $248,000 Stock Holdings in Golar LNG Limited (NASDAQ:GLNG)

Kingswood Wealth Advisors LLC grew its holdings in Golar LNG Limited (NASDAQ:GLNGFree Report) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 10,800 shares of the shipping company’s stock after acquiring an additional 800 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Golar LNG were worth $248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Golar LNG in the 4th quarter valued at about $588,000. Vanguard Group Inc. lifted its stake in shares of Golar LNG by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 539,562 shares of the shipping company’s stock valued at $13,090,000 after purchasing an additional 6,865 shares during the period. American Century Companies Inc. lifted its stake in shares of Golar LNG by 59.1% in the 3rd quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock valued at $21,545,000 after purchasing an additional 330,059 shares during the period. Deutsche Bank AG lifted its stake in shares of Golar LNG by 18.9% in the 3rd quarter. Deutsche Bank AG now owns 51,107 shares of the shipping company’s stock valued at $1,240,000 after purchasing an additional 8,120 shares during the period. Finally, Tudor Investment Corp Et Al raised its stake in Golar LNG by 116.4% during the 3rd quarter. Tudor Investment Corp Et Al now owns 61,235 shares of the shipping company’s stock worth $1,486,000 after buying an additional 32,939 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Stock Performance

GLNG stock opened at $24.06 on Friday. The stock’s 50 day simple moving average is $22.16 and its 200 day simple moving average is $22.48. Golar LNG Limited has a fifty-two week low of $19.62 and a fifty-two week high of $25.06. The company has a market cap of $1.93 billion, a P/E ratio of -55.95 and a beta of 0.59.

Golar LNG (NASDAQ:GLNGGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.40. Golar LNG had a positive return on equity of 11.67% and a negative net margin of 15.68%. The business had revenue of $78.65 million for the quarter, compared to the consensus estimate of $76.85 million. Equities analysts predict that Golar LNG Limited will post 1.61 earnings per share for the current year.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, March 11th. Golar LNG’s dividend payout ratio is currently -232.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Golar LNG from a “hold” rating to a “sell” rating in a research note on Friday, March 8th.

Get Our Latest Stock Report on Golar LNG

Golar LNG Profile

(Free Report)

Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.

Further Reading

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Institutional Ownership by Quarter for Golar LNG (NASDAQ:GLNG)

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