Donald Smith & CO. Inc. Purchases 82,563 Shares of Cool Company Ltd. (NYSE:CLCO)

Donald Smith & CO. Inc. raised its holdings in Cool Company Ltd. (NYSE:CLCO) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,462,769 shares of the company’s stock after buying an additional 82,563 shares during the quarter. Donald Smith & CO. Inc. owned about 8.65% of Cool worth $39,095,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CLCO. Seelaus Asset Management LLC purchased a new position in shares of Cool in the 1st quarter valued at approximately $115,000. Susquehanna International Group Ltd. purchased a new position in Cool during the first quarter valued at $275,000. Granite Bay Wealth Management LLC purchased a new position in Cool during the second quarter valued at $290,000. Finally, Hosking Partners LLP purchased a new position in Cool during the first quarter valued at $12,124,000. 20.66% of the stock is currently owned by institutional investors.

Cool Stock Down 3.7 %

NYSE:CLCO traded down $0.38 during trading hours on Wednesday, reaching $10.02. 182,433 shares of the company traded hands, compared to its average volume of 225,511. The business’s 50-day moving average price is $11.26 and its two-hundred day moving average price is $11.55. The stock has a market capitalization of $400.90 million, a P/E ratio of 5.68 and a beta of 0.42. Cool Company Ltd. has a 1 year low of $9.97 and a 1 year high of $13.94. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 16.37%. The ex-dividend date was Monday, September 9th. Cool’s payout ratio is 89.62%.

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.