FLEX LNG Ltd. (NYSE:FLNG) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its holdings in FLEX LNG Ltd. (NYSE:FLNG) by 76.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,941 shares of the company’s stock after purchasing an additional 2,141 shares during the quarter. Signaturefd LLC’s holdings in FLEX LNG were worth $113,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FLNG. PNC Financial Services Group Inc. increased its position in FLEX LNG by 1,894.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,493 shares of the company’s stock valued at $241,000 after acquiring an additional 9,967 shares during the period. Raymond James Financial Inc. purchased a new position in shares of FLEX LNG in the 4th quarter valued at approximately $3,890,000. Steward Partners Investment Advisory LLC raised its stake in shares of FLEX LNG by 27.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company’s stock worth $59,000 after purchasing an additional 558 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of FLEX LNG during the fourth quarter worth $190,000. Finally, Oppenheimer & Co. Inc. purchased a new position in FLEX LNG in the 4th quarter valued at $439,000.

FLEX LNG Stock Down 2.5 %

FLNG opened at $22.37 on Monday. The business has a 50 day simple moving average of $23.99 and a 200-day simple moving average of $24.36. FLEX LNG Ltd. has a 12 month low of $20.85 and a 12 month high of $30.48. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.26 and a beta of 0.62. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.99 and a quick ratio of 2.96.

FLEX LNG (NYSE:FLNG) last released its earnings results on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. During the same period in the prior year, the company earned $0.70 earnings per share. On average, equities analysts anticipate that FLEX LNG Ltd. will post 1.9 earnings per share for the current fiscal year.

FLEX LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Thursday, February 20th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 13.41%. The ex-dividend date of this dividend was Thursday, February 20th. FLEX LNG’s dividend payout ratio (DPR) is 137.61%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FLNG shares. Jefferies Financial Group reissued a “hold” rating and issued a $23.00 price objective on shares of FLEX LNG in a research note on Tuesday, February 4th. Fearnley Fonds upgraded shares of FLEX LNG to a “hold” rating in a research note on Monday, February 17th.

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.