1,251 Shares in FLEX LNG Ltd. (NYSE:FLNG) Bought by Financial Life Planners

Financial Life Planners bought a new stake in FLEX LNG Ltd. (NYSE:FLNG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,251 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors have also recently bought and sold shares of the business. Squarepoint Ops LLC grew its holdings in shares of FLEX LNG by 7.7% during the 2nd quarter. Squarepoint Ops LLC now owns 11,326 shares of the company’s stock valued at $306,000 after purchasing an additional 806 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in FLEX LNG by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,935 shares of the company’s stock valued at $296,000 after buying an additional 652 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of FLEX LNG by 3.9% during the second quarter. Cetera Investment Advisers now owns 68,885 shares of the company’s stock worth $1,863,000 after buying an additional 2,585 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of FLEX LNG by 6,254.8% during the third quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock worth $50,000 after buying an additional 1,939 shares in the last quarter. Finally, Cypress Wealth Services LLC bought a new position in shares of FLEX LNG in the 3rd quarter valued at $213,000.

Wall Street Analysts Forecast Growth

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

FLEX LNG Stock Performance

NYSE:FLNG opened at $25.74 on Tuesday. The stock’s 50-day moving average is $23.82 and its 200-day moving average is $25.16. The stock has a market cap of $1.39 billion, a P/E ratio of 15.14 and a beta of 0.72. FLEX LNG Ltd. has a 1-year low of $20.85 and a 1-year high of $30.48. The company has a current ratio of 2.21, a quick ratio of 2.18 and a debt-to-equity ratio of 1.97.

FLEX LNG (NYSE:FLNG) last posted its earnings results on Tuesday, November 12th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $90.48 million for the quarter. FLEX LNG had a return on equity of 16.27% and a net margin of 25.33%. Equities research analysts anticipate that FLEX LNG Ltd. will post 2.3 earnings per share for the current year.

FLEX LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Wednesday, November 27th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 11.66%. The ex-dividend date was Wednesday, November 27th. FLEX LNG’s dividend payout ratio is currently 176.47%.

About FLEX LNG

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.