Consolidated Investment Group LLC maintained its stake in Golar LNG Partners LP (NASDAQ:GMLP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,711 shares of the shipping company’s stock at the end of the second quarter. Golar LNG Partners makes up about 2.5% of Consolidated Investment Group LLC’s investment portfolio, making the stock its 14th largest position. Consolidated Investment Group LLC owned 0.33% of Golar LNG Partners worth $4,670,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Koch Industries Inc. bought a new stake in Golar LNG Partners during the first quarter worth approximately $415,000. HighTower Advisors LLC bought a new stake in Golar LNG Partners during the first quarter worth approximately $222,000. Winslow Evans & Crocker Inc. raised its stake in Golar LNG Partners by 46.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 11,876 shares of the shipping company’s stock worth $265,000 after buying an additional 3,750 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in Golar LNG Partners by 2.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 4,343,883 shares of the shipping company’s stock worth $97,031,000 after buying an additional 92,500 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in shares of Golar LNG Partners during the first quarter valued at approximately $300,000. Hedge funds and other institutional investors own 77.02% of the company’s stock.
Shares of Golar LNG Partners LP (GMLP) traded down 0.05% during mid-day trading on Friday, hitting $20.00. The company had a trading volume of 263,430 shares. Golar LNG Partners LP has a 52 week low of $18.13 and a 52 week high of $25.82. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $21.63. The firm has a market capitalization of $1.41 billion, a PE ratio of 7.20 and a beta of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, August 4th were issued a $0.5775 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $2.31 dividend on an annualized basis and a yield of 11.55%. Golar LNG Partners’s payout ratio is 82.21%.
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Several equities research analysts recently commented on the company. Zacks Investment Research lowered Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. BidaskClub raised Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of Golar LNG Partners in a research note on Monday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price target (down from $24.00) on shares of Golar LNG Partners in a research note on Tuesday, June 13th. Finally, Seaport Global Securities reaffirmed a “neutral” rating and set a $22.00 price target on shares of Golar LNG Partners in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.25.
About Golar LNG Partners
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.
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