Nisa Investment Advisors LLC Purchases 8,994 Shares of Golar LNG Limited (NASDAQ:GLNG)

Nisa Investment Advisors LLC grew its position in Golar LNG Limited (NASDAQ:GLNG) by 182.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,915 shares of the shipping company’s stock after acquiring an additional 8,994 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Golar LNG were worth $320,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Golar LNG by 3.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,574 shares of the shipping company’s stock worth $1,806,000 after purchasing an additional 2,708 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Golar LNG by 8.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,800 shares of the shipping company’s stock valued at $248,000 after acquiring an additional 800 shares in the last quarter. SG Americas Securities LLC bought a new stake in Golar LNG in the fourth quarter valued at about $588,000. Vanguard Group Inc. raised its position in Golar LNG by 1.3% in the third quarter. Vanguard Group Inc. now owns 539,562 shares of the shipping company’s stock worth $13,090,000 after purchasing an additional 6,865 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Golar LNG by 59.1% during the third quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock worth $21,545,000 after purchasing an additional 330,059 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Stock Down 0.3 %

GLNG opened at $24.69 on Friday. Golar LNG Limited has a twelve month low of $19.62 and a twelve month high of $25.90. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -57.42 and a beta of 0.61. The firm’s 50-day simple moving average is $23.00 and its 200-day simple moving average is $22.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.49.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.40. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. The company had revenue of $78.65 million during the quarter, compared to analyst estimates of $76.85 million. Equities research analysts anticipate that Golar LNG Limited will post 1.66 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Monday, March 11th. Golar LNG’s dividend payout ratio is currently -232.56%.

Analysts Set New Price Targets

Separately, StockNews.com raised Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th.

Golar LNG Company Profile

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.