Todays Report: The Spirit of America Management Corp NY decides to keep it stake in Golar LNG Partners LP (GMLP) to the level of $9,211,000

The Spirit of America Management Corp NY decides to keep it stake in Golar LNG Partners LP (GMLP) to the level of $9,211,000

Spirit of America Management Corp NY increased its stake in shares of Golar LNG Partners LP (NASDAQ:GMLP) by 81.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 469,227 shares of the company’s stock after buying an additional 210,400 shares during the period. Golar LNG Partners accounts for about 1.2% of Spirit of America Management Corp NY’s holdings, making the stock its 28th largest position. Spirit of America Management Corp NY’s holdings in Golar LNG Partners were worth $9,211,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Societe Generale acquired a new position in Golar LNG Partners during the second quarter worth approximately $591,000. Quantbot Technologies LP increased its stake in shares of Golar LNG Partners by 98.2% in the second quarter. Quantbot Technologies LP now owns 8,062 shares of the company’s stock valued at $147,000 after buying an additional 3,994 shares during the period. Peak Asset Management LLC increased its stake in shares of Golar LNG Partners by 9.5% in the second quarter. Peak Asset Management LLC now owns 44,280 shares of the company’s stock valued at $812,000 after buying an additional 3,827 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of Golar LNG Partners during the second quarter valued at about $1,268,000. Finally, Sippican Capital Advisors increased its stake in shares of Golar LNG Partners by 84.0% in the second quarter. Sippican Capital Advisors now owns 24,375 shares of the company’s stock valued at $447,000 after buying an additional 11,125 shares during the period.

Golar LNG Partners LP (NASDAQ:GMLP) traded up 5.45% during midday trading on Friday, hitting $21.66. 908,882 shares of the stock were exchanged. The firm has a market capitalization of $1.35 billion, a P/E ratio of 10.07 and a beta of 1.01. The firm’s 50-day moving average price is $19.45 and its 200 day moving average price is $17.95. Golar LNG Partners LP has a 1-year low of $7.55 and a 1-year high of $22.42.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.16. Analysts expect that Golar LNG Partners LP will post $2.17 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. Morgan Stanley set a $15.00 price objective on shares of Golar LNG Partners and gave the stock a “hold” rating in a research report on Tuesday, September 6th. Zacks Investment Research downgraded shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, Jefferies Group assumed coverage on shares of Golar LNG Partners in a research report on Tuesday, September 13th. They set a “buy” rating and a $25.00 price objective for the company.

Golar LNG Partners Company Profile

Golar LNG Partners LP (Golar LNG Partners) owns and operates floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters. The Company operates a fleet of around six FSRU vessels and 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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