Public Employees Retirement System of Ohio Acquires Shares of 10,958 Cool Company Ltd. (NYSE:CLCO)

Public Employees Retirement System of Ohio acquired a new position in Cool Company Ltd. (NYSE:CLCO) in the third quarter, Holdings Channel reports. The institutional investor acquired 10,958 shares of the company’s stock, valued at approximately $124,000.

Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in Cool in the third quarter worth about $124,000. CWA Asset Management Group LLC purchased a new position in shares of Cool in the 3rd quarter worth approximately $190,000. Apollon Wealth Management LLC increased its position in shares of 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. Granite Bay Wealth Management LLC bought a new position in shares of Cool during the 2nd quarter valued at approximately $290,000. Finally, Donald Smith & CO. Inc. raised its holdings in Cool by 2.4% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,462,769 shares of the company’s stock valued at $39,095,000 after buying an additional 82,563 shares during the period. 20.66% of the stock is currently owned by institutional investors.

Cool Stock Up 1.2 %

NYSE CLCO opened at $7.38 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 1.01. Cool Company Ltd. has a 52 week low of $6.92 and a 52 week high of $13.68. The firm has a market capitalization of $295.27 million, a price-to-earnings ratio of 5.55 and a beta of 0.26. The company has a fifty day moving average of $9.38 and a two-hundred day moving average of $10.81.

Cool Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.13%. Cool’s dividend payout ratio is presently 45.11%.

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.