3,250 Shares in FLEX LNG Ltd. (NYSE:FLNG) Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC purchased a new stake in FLEX LNG Ltd. (NYSE:FLNG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,250 shares of the company’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Beck Capital Management LLC increased its position in FLEX LNG by 0.5% in the 3rd quarter. Beck Capital Management LLC now owns 111,891 shares of the company’s stock valued at $2,847,000 after acquiring an additional 583 shares during the period. Apollon Wealth Management LLC increased its position in FLEX LNG by 6.3% in the 4th quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company’s stock valued at $231,000 after acquiring an additional 600 shares during the period. Atria Wealth Solutions Inc. increased its position in FLEX LNG by 3.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company’s stock valued at $516,000 after acquiring an additional 666 shares during the period. WFA Asset Management Corp increased its position in FLEX LNG by 106.8% in the 4th quarter. WFA Asset Management Corp now owns 2,068 shares of the company’s stock valued at $47,000 after acquiring an additional 1,068 shares during the period. Finally, BNP Paribas Financial Markets increased its position in FLEX LNG by 11.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,408 shares of the company’s stock valued at $265,000 after acquiring an additional 1,094 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FLNG. Jefferies Financial Group restated a “hold” rating and issued a $23.00 price target on shares of FLEX LNG in a research report on Tuesday, February 4th. Fearnley Fonds raised shares of FLEX LNG to a “hold” rating in a research note on Monday, February 17th.

FLEX LNG Trading Up 0.5 %

NYSE:FLNG opened at $21.97 on Friday. The firm’s fifty day moving average is $24.36 and its 200-day moving average is $24.87. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.96 and a current ratio of 2.99. FLEX LNG Ltd. has a 52 week low of $20.85 and a 52 week high of $30.48. The firm has a market cap of $1.18 billion, a P/E ratio of 10.08 and a beta of 0.70.

FLEX LNG (NYSE:FLNG) last posted its quarterly earnings data 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 net margin of 33.03% and a return on equity of 15.61%. During the same period last year, the company posted $0.70 EPS. Equities analysts expect that FLEX LNG Ltd. will post 1.9 earnings per share for the current year.

FLEX LNG Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Thursday, February 20th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 13.65%. The ex-dividend date of this dividend is Thursday, February 20th. FLEX LNG’s dividend payout ratio is presently 137.61%.

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.