Nomura Holdings Inc. Takes $4 Million Position in Golar LNG Limited (GLNG)

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Nomura Holdings Inc. acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 135,657 shares of the shipping company’s stock, valued at approximately $3,997,000. Nomura Holdings Inc. owned 0.13% of Golar LNG at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. California Public Employees Retirement System grew its stake in Golar LNG by 2.7% during the second quarter. California Public Employees Retirement System now owns 91,260 shares of the shipping company’s stock worth $2,689,000 after buying an additional 2,360 shares in the last quarter. Peloton Wealth Strategists grew its stake in Golar LNG by 85.9% during the second quarter. Peloton Wealth Strategists now owns 43,500 shares of the shipping company’s stock worth $1,282,000 after buying an additional 20,100 shares in the last quarter. Trafelet Brokaw Capital Management L.P. grew its stake in Golar LNG by 0.3% during the second quarter. Trafelet Brokaw Capital Management L.P. now owns 1,168,281 shares of the shipping company’s stock worth $34,418,000 after buying an additional 3,300 shares in the last quarter. grace capital acquired a new stake in Golar LNG during the second quarter worth about $618,000. Finally, TVR Capital Management LP acquired a new stake in Golar LNG during the second quarter worth about $884,000. Institutional investors and hedge funds own 82.86% of the company’s stock.

A number of brokerages have issued reports on GLNG. Deutsche Bank began coverage on shares of Golar LNG in a research note on Wednesday. They set a “buy” rating and a $36.00 price objective on the stock. B. Riley began coverage on shares of Golar LNG in a research note on Thursday, October 4th. They set a “buy” rating and a $34.00 price objective on the stock. BidaskClub upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Berenberg Bank initiated coverage on shares of Golar LNG in a research note on Thursday, September 6th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $36.20.

Shares of GLNG traded up $0.67 during mid-day trading on Friday, reaching $25.79. The company had a trading volume of 1,524,295 shares, compared to its average volume of 1,251,346. Golar LNG Limited has a 1-year low of $19.32 and a 1-year high of $35.54. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a market cap of $2.81 billion, a P/E ratio of -17.54 and a beta of 0.58.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Thursday, August 23rd. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.19). The business had revenue of $59.37 million during the quarter, compared to the consensus estimate of $63.15 million. Golar LNG had a negative net margin of 11.47% and a negative return on equity of 6.37%. On average, equities analysts forecast that Golar LNG Limited will post -1.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Thursday, September 6th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Wednesday, September 5th. This is a positive change from Golar LNG’s previous quarterly dividend of $0.05. Golar LNG’s dividend payout ratio (DPR) is -34.01%.

Golar LNG Profile

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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

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