Public Employees Retirement System of Ohio Buys New Shares in Cool Company Ltd. (NYSE:CLCO)

Public Employees Retirement System of Ohio purchased a new position in Cool Company Ltd. (NYSE:CLCO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,958 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Donald Smith & CO. Inc. lifted its holdings in Cool by 5.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,380,206 shares of the company’s stock worth $39,785,000 after purchasing an additional 165,380 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of Cool in the second quarter worth $290,000. CWA Asset Management Group LLC bought a new position in shares of Cool during the third quarter worth $190,000. Apollon Wealth Management LLC boosted its position in shares of Cool by 93.9% during the third quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock worth $244,000 after acquiring an additional 10,482 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its stake in Cool by 6,596.0% during the third quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock valued at $45,274,000 after acquiring an additional 3,957,612 shares in the last quarter. 20.66% of the stock is owned by institutional investors.

Cool Stock Up 1.2 %

Shares of CLCO stock opened at $7.38 on Friday. The stock has a market cap of $295.27 million, a P/E ratio of 5.55 and a beta of 0.26. The company’s fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $10.81. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 1.01. Cool Company Ltd. has a 52 week low of $6.92 and a 52 week high of $13.68.

Cool Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend was Monday, December 2nd. Cool’s payout ratio is presently 45.11%.

About Cool

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.