Financial Life Planners Acquires Shares of 1,251 FLEX LNG Ltd. (NYSE:FLNG)

Financial Life Planners bought a new position in FLEX LNG Ltd. (NYSE:FLNG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,251 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors have also made changes to their positions in the company. Jennison Associates LLC acquired a new position in FLEX LNG during the third quarter worth $1,460,000. Barclays PLC increased its stake in FLEX LNG by 124.3% in the 3rd quarter. Barclays PLC now owns 50,063 shares of the company’s stock valued at $1,273,000 after buying an additional 27,746 shares during the last quarter. Verition Fund Management LLC bought a new stake in FLEX LNG during the 3rd quarter worth about $337,000. Legacy Investment Solutions LLC acquired a new position in shares of FLEX LNG during the 3rd quarter worth about $311,000. Finally, State Street Corp grew its holdings in shares of FLEX LNG by 2.3% in the 3rd quarter. State Street Corp now owns 515,911 shares of the company’s stock valued at $13,125,000 after acquiring an additional 11,695 shares in the last quarter.

Analyst Upgrades and Downgrades

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

FLEX LNG Trading Up 0.9 %

Shares of FLEX LNG stock opened at $25.74 on Tuesday. FLEX LNG Ltd. has a 12-month low of $20.85 and a 12-month high of $30.48. The company has a quick ratio of 2.18, a current ratio of 2.21 and a debt-to-equity ratio of 1.97. The business’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 (NYSE:FLNG) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $90.48 million during the quarter. FLEX LNG had a net margin of 25.33% and a return on equity of 16.27%. Equities research analysts predict that FLEX LNG Ltd. will post 2.3 earnings per share for the current fiscal year.

FLEX LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date of this dividend was Wednesday, November 27th. FLEX LNG’s dividend payout ratio (DPR) is presently 176.47%.

FLEX LNG Company Profile

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.