Research Analysts Issue Forecasts for Cool Q4 Earnings

Cool Company Ltd. (NYSE:CLCO) – B. Riley cut their Q4 2024 earnings estimates for shares of Cool in a research report issued on Thursday, November 21st. B. Riley analyst L. Burke now expects that the company will post earnings per share of $0.36 for the quarter, down from their previous forecast of $0.47. The consensus estimate for Cool’s current full-year earnings is $2.03 per share.

Cool Trading Down 4.4 %

NYSE:CLCO opened at $8.81 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.34 and a quick ratio of 0.34. Cool has a one year low of $8.79 and a one year high of $13.75. The company’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $11.46.

Cool Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.81%.

Institutional Trading of Cool

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its stake in Cool by 2,551.7% during the third quarter. Barclays PLC now owns 48,791 shares of the company’s stock valued at $551,000 after buying an additional 46,951 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Cool during the third quarter valued at $124,000. Quadrature Capital Ltd purchased a new position in shares of Cool in the 3rd quarter worth about $124,000. Mirabella Financial Services LLP boosted its stake in Cool by 6,596.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock worth $45,274,000 after purchasing an additional 3,957,612 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in Cool by 93.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock valued at $244,000 after purchasing an additional 10,482 shares during the last quarter. Hedge funds and other institutional investors own 20.66% of the company’s stock.

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.