B. Riley Analysts Lift Earnings Estimates for Cool Company Ltd. (NYSE:CLCO)

Cool Company Ltd. (NYSE:CLCO) – B. Riley boosted their FY2024 earnings per share (EPS) estimates for Cool in a report released on Thursday, August 29th. B. Riley analyst L. Burke now forecasts that the company will earn $2.03 per share for the year, up from their previous forecast of $1.86. The consensus estimate for Cool’s current full-year earnings is $2.03 per share. B. Riley also issued estimates for Cool’s FY2025 earnings at $2.09 EPS.

Cool Stock Performance

Shares of CLCO opened at $11.99 on Monday. Cool has a 1 year low of $10.07 and a 1 year high of $14.39. The company’s 50 day simple moving average is $11.77 and its 200 day simple moving average is $11.56. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.45 and a quick ratio of 0.45.

Institutional Investors Weigh In On Cool

A number of hedge funds have recently bought and sold shares of CLCO. Donald Smith & CO. Inc. lifted its holdings in Cool by 58.6% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,214,826 shares of the company’s stock worth $35,749,000 after buying an additional 1,187,651 shares during the last quarter. Hosking Partners LLP bought a new position in Cool in the first quarter worth about $12,124,000. Granite Bay Wealth Management LLC acquired a new position in Cool in the second quarter valued at approximately $290,000. Susquehanna International Group Ltd. bought a new position in shares of Cool during the first quarter valued at approximately $275,000. Finally, Seelaus Asset Management LLC acquired a new position in shares of Cool during the first quarter valued at $115,000. Institutional investors and hedge funds own 20.66% of the company’s stock.

Cool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.64 dividend on an annualized basis and a yield of 13.68%.

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.