Cool Company Ltd. (NYSE:CLCO) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in Cool Company Ltd. (NYSE:CLCO) by 93.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,639 shares of the company’s stock after purchasing an additional 10,482 shares during the period. Apollon Wealth Management LLC’s holdings in Cool were worth $244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC acquired a new position in shares of Cool in the 3rd quarter valued at about $190,000. Granite Bay Wealth Management LLC purchased a new stake in shares of Cool during the 2nd quarter valued at about $290,000. Finally, Donald Smith & CO. Inc. raised its holdings in shares of Cool by 5.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,380,206 shares of the company’s stock valued at $39,785,000 after buying an additional 165,380 shares during the period. 20.66% of the stock is owned by institutional investors and hedge funds.

Cool Stock Up 2.0 %

Shares of NYSE:CLCO opened at $10.76 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. Cool Company Ltd. has a one year low of $9.77 and a one year high of $13.75. The business’s 50-day simple moving average is $10.95 and its 200 day simple moving average is $11.50.

Cool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.41 per share. The ex-dividend date was Monday, September 9th. This represents a $1.64 annualized dividend and a yield of 15.24%.

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.