Is it a Good Choice to Invest in Golar LNG (GLNG)?

Horos Asset Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. Since the inception of Horos (May 21, 2018), Horos Value Internacional has returned 22.3%, below the 55.2% gain of its benchmark, while Horos Value Iberia has returned 8.1%, outperforming the 0.5% return of its index. Moreover, since 2012, the returns of this management team stand at 199% for the international strategy and 167% for the Iberian strategy, compared to 219% and 67% in their benchmark indices, respectively.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Horos Asset Management mentioned Golar LNG Limited (NASDAQ:GLNG) and explained its insights for the company. Founded in 1946, Golar LNG Limited (NASDAQ:GLNG) is a Hamilton, Bermuda-based publicly traded limited company with a $2.5 billion market capitalization. Golar LNG Limited (NASDAQ:GLNG) delivered a 90.48% return since the beginning of the year, while its 12-month returns are up by 78.11%. The stock closed at $23.60 per share on June 27, 2022.

Here is what Horos Asset Management has to say about Golar LNG Limited (NASDAQ:GLNG) in its Q1 2022 investor letter:

“Understandably, as a sign of an extremely tight market, the European benchmark gas price rose by 250% in the weeks following the beginning of the Russian invasion and, even today, remains at historically very high levels. Of course, the renewed uncertainty related to possible supply disruptions only adds to the stress and volatility in this market. Meanwhile, Golar LNG have benefited greatly from this situation. Let us recall that Golar LNG is dedicated to the conversion of natural gas into LNG through its FLNG infrastructure, to LNG storage and regasification through its FSRU (an asset that has seen its attractiveness skyrocket in this environment) and to LNG shipping through its stake in Cool Co. All in all, Golar LNG doubled in the quarter.”

Pixabay/Public Domain

Our calculations show that Golar LNG Limited (NASDAQ:GLNG) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Golar LNG Limited (NASDAQ:GLNG) was in 31 hedge fund portfolios at the end of the first quarter of 2022, compared to 21 funds in the previous quarter. Golar LNG Limited (NASDAQ:GLNG) delivered a 0.68% return in the past 3 months. 

In April 2022, we published an article that includes Golar LNG Limited (NASDAQ:GLNG) in 10 LNG Shipping Stocks to Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.