Golar LNG Limited (NASDAQ:GLNG) Shares Purchased by Fernwood Investment Management LLC

Fernwood Investment Management LLC boosted its holdings in Golar LNG Limited (NASDAQ:GLNG) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,404 shares of the shipping company’s stock after acquiring an additional 4,402 shares during the period. Golar LNG accounts for about 1.1% of Fernwood Investment Management LLC’s portfolio, making the stock its 28th largest holding. Fernwood Investment Management LLC owned approximately 0.10% of Golar LNG worth $1,948,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLNG. Massey Quick Simon & CO. LLC acquired a new position in Golar LNG in the first quarter valued at approximately $42,000. Nisa Investment Advisors LLC lifted its holdings in Golar LNG by 674.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,445 shares of the shipping company’s stock valued at $64,000 after acquiring an additional 3,000 shares during the last quarter. Aperio Group LLC acquired a new position in Golar LNG in the second quarter valued at approximately $92,000. Macquarie Group Ltd. acquired a new position in Golar LNG in the fourth quarter valued at approximately $94,000. Finally, Advisor Group Inc. lifted its holdings in Golar LNG by 86.2% in the second quarter. Advisor Group Inc. now owns 5,547 shares of the shipping company’s stock valued at $103,000 after acquiring an additional 2,568 shares during the last quarter. Hedge funds and other institutional investors own 72.15% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Golar LNG from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, April 29th. ValuEngine upgraded Golar LNG from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen restated an “outperform” rating and set a $22.00 price target (down from $30.00) on shares of Golar LNG in a research note on Tuesday, June 25th. Finally, BidaskClub cut Golar LNG from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Golar LNG presently has a consensus rating of “Buy” and an average price target of $32.11.

Shares of NASDAQ GLNG traded down $0.04 during mid-day trading on Thursday, hitting $12.61. The company had a trading volume of 46,071 shares, compared to its average volume of 1,179,545. The stock has a market cap of $1.28 billion, a P/E ratio of -33.55 and a beta of 0.66. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. Golar LNG Limited has a 1-year low of $12.56 and a 1-year high of $30.29. The business’s 50-day moving average price is $16.80.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Tuesday, May 21st. The shipping company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.11). The company had revenue of $97.79 million during the quarter, compared to analyst estimates of $88.87 million. Golar LNG had a negative net margin of 52.68% and a negative return on equity of 2.93%. As a group, analysts expect that Golar LNG Limited will post -0.63 earnings per share for the current fiscal year.

About Golar LNG

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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