Barclays PLC Raises Stock Holdings in Cool Company Ltd. (NYSE:CLCO)

Barclays PLC increased its holdings in Cool Company Ltd. (NYSE:CLCO) by 2,551.7% in the third quarter, Holdings Channel.com reports. The firm owned 48,791 shares of the company’s stock after purchasing an additional 46,951 shares during the period. Barclays PLC’s holdings in Cool were worth $551,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Apollon Wealth Management LLC increased its position in shares of Cool by 93.9% in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Cool in the third quarter valued at about $124,000. Quadrature Capital Ltd acquired a new position in Cool in the third quarter worth $124,000. CWA Asset Management Group LLC bought a new position in Cool in the third quarter worth about $190,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in Cool in the second quarter worth $290,000. 20.66% of the stock is currently owned by hedge funds and other institutional investors.

Cool Price Performance

NYSE CLCO opened at $8.35 on Friday. The company has a 50-day moving average price of $8.79 and a two-hundred day moving average price of $10.59. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. The stock has a market cap of $448.42 million, a price-to-earnings ratio of 6.28 and a beta of 0.26. Cool Company Ltd. has a 52 week low of $6.92 and a 52 week high of $13.68.

Cool Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.19%. The ex-dividend date was Monday, December 2nd. Cool’s payout ratio is currently 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.