Donald Smith & CO. Inc. Increases Stock Holdings in Cool Company Ltd. (NYSE:CLCO)

Donald Smith & CO. Inc. lifted its stake in shares of Cool Company Ltd. (NYSE:CLCO) by 113.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,027,175 shares of the company’s stock after purchasing an additional 1,077,300 shares during the quarter. Donald Smith & CO. Inc. owned about 0.05% of Cool worth $25,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its position in Cool by 114.6% in the third quarter. Barclays PLC now owns 37,143 shares of the company’s stock worth $515,000 after acquiring an additional 19,837 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Cool by 216.0% during the 3rd quarter. Hsbc Holdings PLC now owns 143,901 shares of the company’s stock worth $1,963,000 after purchasing an additional 98,362 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Cool in the fourth quarter valued at about $12,220,000. 20.66% of the stock is currently owned by hedge funds and other institutional investors.

Cool Stock Down 0.1 %

CLCO stock traded down $0.01 during trading on Monday, reaching $10.95. 60,540 shares of the company were exchanged, compared to its average volume of 225,576. Cool Company Ltd. has a 52-week low of $10.34 and a 52-week high of $14.50. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average price is $11.19 and its 200 day moving average price is $12.03.

Cool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, March 8th. This represents a $1.64 annualized dividend and a yield of 14.98%.

Cool Company Profile

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.