Sippican Capital Advisors buys $457,519 stake in Golar LNG Partners LP (GMLP)

Golar LNG Partners LP (GMLP) : Sippican Capital Advisors scooped up 11,125 additional shares in Golar LNG Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 24,375 shares of Golar LNG Partners LP which is valued at $457,519.Golar LNG Partners LP makes up approximately 0.52% of Sippican Capital Advisors’s portfolio.

Other Hedge Funds, Including , Huntington National Bank sold out all of its stake in GMLP during the most recent quarter. The investment firm sold 200 shares of GMLP which is valued $3,754.Creative Planning boosted its stake in GMLP in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 3,700 shares of Golar LNG Partners LP which is valued at $67,710. Searle sold out all of its stake in GMLP during the most recent quarter. The investment firm sold 19,335 shares of GMLP which is valued $353,831.

Golar LNG Partners LP opened for trading at $18.9 and hit $19.2 on the upside on Friday, eventually ending the session at $19.1, with a gain of 2.14% or 0.4 points. The heightened volatility saw the trading volume jump to 2,59,156 shares. Company has a market cap of $1,167 M.

Investors should note that on Jul 21, 2016, Golar LNG Partners LP announced a cash dividend of $0.5775. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 12, 2016.

Golar LNG Partners LP (Golar LNG Partners) owns and operates floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters. The Company operates a fleet of around six FSRU vessels and four LNG carriers. The Company’s FSRU vessels include Golar Spirit Golar Winter Golar Freeze NR Satu Golar Igloo and Golar Eskimo. The Company’s LNG carriers include Golar Mazo Methane Princess Golar Grand and Golar Maria. The Company charters its vessels to BG Group Pertamina Petrobras Dubai Supply Authority PTNR Eni S.p.A. KNPC and the Government of the Hashemite Kingdom of Jordan.

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