<div id="readability-page-1"><p>Corigliano Investment Advisers LLC acquired a new stake in  Frontline PLC (NYSE:FRO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  acquired 808,210 shares of the shipping company's stock, valued at approximately $12,002,000. Frontline comprises about  5.3% of Corigliano Investment Advisers LLC's portfolio, making the stock its 7th largest position. Corigliano Investment Advisers LLC owned 0.36% of Frontline at the end of the most recent reporting period.</p><ul><li>Win-Win Momentum Plays With Strong Dividend Yields</li></ul><p>Other large investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in  Frontline in the first quarter valued at approximately $32,000.  Bayforest Capital Ltd acquired a new position in  Frontline in the first quarter valued at approximately $34,000.  Signaturefd LLC lifted its holdings in  Frontline by 59.3% in the first quarter. Signaturefd LLC now owns 2,657 shares of the shipping company's stock valued at $39,000 after acquiring an additional 989 shares during the last quarter.  Tower Research Capital LLC TRC lifted its stake in  Frontline by 5,500.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,200 shares of the shipping company's stock worth $159,000 after purchasing an additional 11,000 shares in the last quarter.  Finally, Golden State Wealth Management LLC lifted its stake in  Frontline by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 11,800 shares of the shipping company's stock worth $175,000 after purchasing an additional 5,900 shares in the last quarter. 22.70% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wall Street Analyst Weigh In</h2><p>FRO has been the topic of a number of research reports. Jefferies Financial Group  restated a &#34;buy&#34; rating and set a $25.00 price target on shares of Frontline in a research note on Friday, August 29th. Wall Street Zen cut Frontline from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Sunday, July 6th. One investment analyst  has rated the stock with a Strong Buy rating, three have issued  a Buy rating and one  has issued  a Sell rating to the stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $21.87.</p><ul><li>Top Shipping Firms Driving Industry-Leading Revenue Growth</li></ul><p><b>Read Our Latest Analysis on FRO</b></p><h2>Frontline Stock Up 4.3%</h2><p>Frontline stock opened at $21.79 on Thursday. Frontline PLC has a twelve month low of $12.40 and a twelve month high of $25.68. The stock's fifty day simple moving average is $18.92 and its 200-day simple moving average is $17.42. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $4.85 billion, a P/E ratio of 20.36 and a beta of 0.25. </p><ul><li>ZIM Shipping stock proves unsinkable despite Red Sea disruptions</li></ul><p>Frontline (NYSE:FRO - Get Free Report) last posted its quarterly earnings data on Friday, August 29th. The shipping company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.06). The company had revenue of $282.95 million for the quarter, compared to analysts' expectations of $328.71 million. Frontline had a return on equity of 10.31% and a net margin of 12.94%.The firm's revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS.  As a group, equities analysts expect that  Frontline PLC will post 1.78 earnings per share for the current fiscal year. </p><h2>Frontline Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, September 12th. Frontline's dividend payout ratio  is 67.29%. </p><h2>About Frontline</h2> (Free Report)<p>Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus.</p><h2>Read More</h2><ul><li>Five stocks we like better than Frontline</li><li>How to buy stock: A step-by-step guide for beginners </li><li>Return of the ETFs: 3 Names That Could Keep Outperforming</li><li>How to trade penny stocks: A step-by-step guide</li><li>Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now</li><li>How to Choose Top Rated Stocks</li><li>Alphabet Stock Surges After Dodging Harsh Antitrust Remedies</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZSTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZSTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Frontline Right Now?</h2><p>Before you consider Frontline, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Frontline wasn't on the list.</p><p>While Frontline currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Corigliano Investment Advisers LLC has acquired a new stake in Frontline PLC, purchasing 808,210 shares valued at approximately $12 million, making it the 7th largest position in their portfolio. Other investors have also increased their stakes in Frontline. The stock has a consensus rating of "Moderate Buy" with a price target of $21.87. Frontline recently reported earnings of $0.36 per share, missing estimates, and announced a quarterly dividend of $0.36, yielding 6.6%.</p>

Corigliano Investment Advisers LLC Takes Position in Frontline PLC $FRO