Alliancebernstein L.P. Buys Shares of 9,651 Golar LNG Partners LP (GMLP)

Alliancebernstein L.P. bought a new position in Golar LNG Partners LP (NASDAQ:GMLP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,651 shares of the shipping company’s stock, valued at approximately $216,000.

Several other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Golar LNG Partners during the first quarter worth about $920,000. Raymond James Financial Services Advisors Inc. boosted its stake in Golar LNG Partners by 0.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,380 shares of the shipping company’s stock worth $366,000 after buying an additional 130 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Golar LNG Partners by 21.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,035 shares of the shipping company’s stock worth $112,000 after buying an additional 890 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position 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 in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new position in Golar LNG Partners during the first quarter worth approximately $13,755,000. Institutional investors own 77.02% of the company’s stock.

Golar LNG Partners LP (GMLP) traded down 0.25% during trading on Friday, reaching $19.96. 16,048 shares of the company were exchanged. Golar LNG Partners LP has a one year low of $18.13 and a one year high of $25.82. The firm’s 50 day moving average price is $20.99 and its 200-day moving average price is $21.67. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 7.19 and a beta of 0.93.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings data on Wednesday, May 31st. The shipping company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.11. The business had revenue of $101.39 million for the quarter, compared to analysts’ expectations of $100.79 million. Golar LNG Partners had a net margin of 40.50% and a return on equity of 28.97%. On average, equities research analysts predict that Golar LNG Partners LP will post $2.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, August 4th were issued a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a yield of 11.54%. The ex-dividend date was Wednesday, August 2nd. Golar LNG Partners’s dividend payout ratio (DPR) is presently 82.21%.

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GMLP has been the topic of a number of recent research reports. 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 report on Tuesday, June 13th. BidaskClub lowered shares of Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine lowered shares of Golar LNG Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Seaport Global Securities reaffirmed a “neutral” rating and set a $22.00 price target on shares of Golar LNG Partners in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target 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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