Jane Street Group LLC acquired a new position in Golar LNG Partners LP (NASDAQ:GMLP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,787 shares of the shipping company’s stock, valued at approximately $344,000.
A number of other hedge funds also recently modified their holdings of GMLP. BNP Paribas Arbitrage SA purchased a new stake in Golar LNG Partners during the 3rd quarter valued at about $108,000. Bronfman E.L. Rothschild L.P. increased its position in Golar LNG Partners by 12.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,655 shares of the shipping company’s stock valued at $113,000 after buying an additional 620 shares in the last quarter. Alliancebernstein L.P. increased its position in Golar LNG Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock valued at $205,000 after buying an additional 572 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Golar LNG Partners by 2.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,741 shares of the shipping company’s stock valued at $336,000 after buying an additional 361 shares in the last quarter. Finally, Wasatch Advisors Inc. boosted its stake in Golar LNG Partners by 11.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 24,000 shares of the shipping company’s stock valued at $482,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 46.85% of the company’s stock.
Several brokerages have commented on GMLP. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group reiterated a “buy” rating and set a $26.00 target price on shares of Golar LNG Partners in a research report on Tuesday, September 26th. BidaskClub raised Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Golar LNG Partners in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.75.
Shares of Golar LNG Partners LP (NASDAQ GMLP) traded up $0.07 during trading hours on Thursday, hitting $22.81. The company’s stock had a trading volume of 158,062 shares, compared to its average volume of 296,783. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $1,580.00, a price-to-earnings ratio of 10.05, a PEG ratio of 2.01 and a beta of 0.87. Golar LNG Partners LP has a fifty-two week low of $18.77 and a fifty-two week high of $25.82.
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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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