B. Riley Brokers Lower Earnings Estimates for Cool

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

Cool Trading Down 4.6 %

CLCO stock opened at $8.09 on Monday. Cool has a 52-week low of $7.97 and a 52-week high of $13.68. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43. The business has a fifty day moving average of $10.81 and a two-hundred day moving average of $11.44.

Institutional Trading of Cool

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

Cool Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Monday, December 2nd.

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.