Northern Trust Corp Purchases 8,405 Shares of Golar LNG Partners LP (GMLP)

Northern Trust Corp grew its position in shares of Golar LNG Partners LP (NASDAQ:GMLP) by 15.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,288 shares of the shipping company’s stock after purchasing an additional 8,405 shares during the quarter. Northern Trust Corp owned approximately 0.09% of Golar LNG Partners worth $1,249,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Golar LNG Partners by 12.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,655 shares of the shipping company’s stock valued at $113,000 after purchasing an additional 620 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Golar LNG Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock valued at $205,000 after purchasing an additional 572 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Golar LNG Partners during the second quarter valued at about $356,000. Credit Suisse AG boosted its stake in shares of Golar LNG Partners by 23.8% during the first quarter. Credit Suisse AG now owns 24,923 shares of the shipping company’s stock valued at $557,000 after purchasing an additional 4,793 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Golar LNG Partners during the second quarter valued at about $2,007,000. 46.85% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Partners LP (NASDAQ GMLP) opened at $20.22 on Wednesday. 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 company has a market capitalization of $1,416.76, a P/E ratio of 6.75, a P/E/G ratio of 1.23 and a beta of 0.88. Golar LNG Partners LP has a 12 month low of $18.77 and a 12 month high of $25.82.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, October 30th were paid a $0.5775 dividend. This represents a $2.31 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date was Friday, October 27th. Golar LNG Partners’s dividend payout ratio is currently 77.78%.

A number of analysts have recently commented on GMLP shares. ABN Amro started coverage on Golar LNG Partners in a research note on Monday, October 30th. They set a “buy” rating on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Golar LNG Partners in a research note on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Golar LNG Partners in a research note on Friday, September 22nd. Zacks Investment Research raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, ValuEngine raised Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Golar LNG Partners currently has a consensus rating of “Buy” and an average target price of $23.25.

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Golar LNG Partners Company Profile

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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Institutional Ownership by Quarter for Golar LNG Partners (NASDAQ:GMLP)

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