B. Riley Issues Negative Forecast for Cool Earnings

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

Cool Trading Down 4.6 %

Shares of NYSE:CLCO opened at $8.09 on Monday. The business’s 50 day moving average price is $10.81 and its 200-day moving average price is $11.44. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. Cool has a 1 year low of $7.97 and a 1 year high of $13.68.

Cool Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be given a $0.15 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 7.42%.

Institutional Investors Weigh In On Cool

Several institutional investors have recently bought and sold shares of CLCO. Mirabella Financial Services LLP boosted 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 purchasing an additional 3,957,612 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in 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 acquiring an additional 165,380 shares during the last quarter. Barclays PLC boosted its position in Cool by 2,551.7% during the third quarter. Barclays PLC now owns 48,791 shares of the company’s stock worth $551,000 after acquiring an additional 46,951 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new stake in Cool during the 2nd quarter valued at about $290,000. Finally, CWA Asset Management Group LLC acquired a new stake in Cool in the 3rd quarter valued at about $190,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

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.