Dakota Wealth Management grew its stake in shares of FLEX LNG Ltd. (NYSE:FLNG – Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,441 shares of the company’s stock after buying an additional 1,611 shares during the period. Dakota Wealth Management’s holdings in FLEX LNG were worth $561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the stock. Arkadios Wealth Advisors grew its holdings in FLEX LNG by 70.4% during the 4th quarter. Arkadios Wealth Advisors now owns 14,398 shares of the company’s stock valued at $330,000 after buying an additional 5,948 shares in the last quarter. Chelsea Counsel Co. grew its holdings in shares of FLEX LNG by 2.8% in the third quarter. Chelsea Counsel Co. now owns 60,350 shares of the company’s stock valued at $1,535,000 after purchasing an additional 1,640 shares in the last quarter. Barclays PLC grew its holdings in shares of FLEX LNG by 124.3% in the third quarter. Barclays PLC now owns 50,063 shares of the company’s stock valued at $1,273,000 after purchasing an additional 27,746 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in FLEX LNG during the third quarter valued at $289,000. Finally, Legacy Investment Solutions LLC bought a new position in FLEX LNG during the third quarter valued at $311,000.
Analyst Ratings Changes
Separately, Jefferies Financial Group restated a “hold” rating and set a $24.00 target price on shares of FLEX LNG in a research report on Tuesday, November 12th.
FLEX LNG Price Performance
NYSE:FLNG opened at $25.20 on Friday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.82 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 business has a 50 day simple moving average of $23.89 and a 200-day simple moving average of $25.22. FLEX LNG Ltd. has a 1 year low of $20.85 and a 1 year high of $30.67.
FLEX LNG (NYSE:FLNG – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). FLEX LNG had a return on equity of 16.27% and a net margin of 25.33%. The firm had revenue of $90.48 million for the quarter. Equities analysts forecast that FLEX LNG Ltd. will post 2.3 EPS for the current year.
FLEX LNG Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 11.90%. The ex-dividend date was Wednesday, November 27th. FLEX LNG’s payout ratio is currently 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.
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