Great Valley Advisor Group Inc. Has $383,000 Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Great Valley Advisor Group Inc. cut its stake in shares of FLEX LNG Ltd. (NYSE:FLNG) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,067 shares of the company’s stock after selling 500 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in FLEX LNG were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in FLEX LNG by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,241,810 shares of the company’s stock worth $31,579,000 after acquiring an additional 21,793 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of FLEX LNG in the second quarter valued at approximately $81,000. Cetera Investment Advisers raised its position in shares of FLEX LNG by 627.4% in the first quarter. Cetera Investment Advisers now owns 66,300 shares of the company’s stock valued at $1,686,000 after buying an additional 57,185 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of FLEX LNG in the second quarter valued at approximately $474,000. Finally, Denali Advisors LLC raised its position in shares of FLEX LNG by 96.5% in the second quarter. Denali Advisors LLC now owns 158,400 shares of the company’s stock valued at $4,283,000 after buying an additional 77,800 shares in the last quarter.

Analyst Upgrades and Downgrades

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

FLEX LNG Stock Down 3.8 %

Shares of FLNG opened at $24.03 on Thursday. FLEX LNG Ltd. has a one year low of $22.80 and a one year high of $31.41. The company has a market cap of $1.28 billion, a P/E ratio of 14.14 and a beta of 0.72. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.21 and a quick ratio of 2.18. The firm has a 50 day simple moving average of $25.39 and a two-hundred day simple moving average of $26.49.

FLEX LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.00 annualized dividend and a yield of 12.48%. FLEX LNG’s dividend payout ratio is currently 176.47%.

About FLEX LNG

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.