Legacy Investment Solutions LLC Invests $311,000 in FLEX LNG Ltd. (NYSE:FLNG)

Legacy Investment Solutions LLC bought a new stake in shares of FLEX LNG Ltd. (NYSE:FLNG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 12,108 shares of the company’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of FLEX LNG by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,241,810 shares of the company’s stock valued at $31,579,000 after acquiring an additional 21,793 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in FLEX LNG by 13.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,541 shares of the company’s stock valued at $218,000 after purchasing an additional 993 shares in the last quarter. Cetera Investment Advisers lifted its holdings in FLEX LNG by 627.4% in the 1st quarter. Cetera Investment Advisers now owns 66,300 shares of the company’s stock valued at $1,686,000 after purchasing an additional 57,185 shares in the last quarter. Naples Global Advisors LLC boosted its stake in shares of FLEX LNG by 11.1% during the 2nd quarter. Naples Global Advisors LLC now owns 71,688 shares of the company’s stock worth $1,938,000 after purchasing an additional 7,188 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of FLEX LNG during the second quarter worth about $474,000.

FLEX LNG Trading Down 3.1 %

FLNG stock opened at $21.93 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21. FLEX LNG Ltd. has a 52-week low of $21.39 and a 52-week high of $31.41. The stock’s fifty day simple moving average is $24.99 and its 200-day simple moving average is $26.23.

FLEX LNG Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date of this dividend is Wednesday, November 27th. FLEX LNG’s payout ratio is 176.47%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and set a $24.00 price objective on shares of FLEX LNG in a research note on Tuesday, November 12th.

FLEX LNG Company Profile

Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. Flex LNG Ltd.