FLEX LNG Ltd. (NYSE:FLNG) Shares Sold by Brave Asset Management Inc.

Brave Asset Management Inc. lowered its position in FLEX LNG Ltd. (NYSE:FLNG) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 15,300 shares of the company’s stock after selling 400 shares during the period. Brave Asset Management Inc.’s holdings in FLEX LNG were worth $351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of FLEX LNG by 6,254.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock valued at $50,000 after acquiring an additional 1,939 shares during the last quarter. FMR LLC boosted its holdings in FLEX LNG by 39.4% in the third quarter. FMR LLC now owns 7,348 shares of the company’s stock valued at $189,000 after purchasing an additional 2,075 shares in the last quarter. Creative Planning purchased a new position in FLEX LNG in the third quarter valued at approximately $206,000. Intech Investment Management LLC acquired a new stake in FLEX LNG during the third quarter worth approximately $210,000. Finally, Cypress Wealth Services LLC purchased a new stake in shares of FLEX LNG during the 3rd quarter worth approximately $213,000.

FLEX LNG Stock Up 1.3 %

FLEX LNG stock opened at $26.38 on Thursday. The company has a market capitalization of $1.42 billion, a P/E ratio of 15.52 and a beta of 0.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21. FLEX LNG Ltd. has a fifty-two week low of $20.85 and a fifty-two week high of $30.67. The stock has a 50-day simple moving average of $23.75 and a 200-day simple moving average of $25.28.

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 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend was Wednesday, November 27th. FLEX LNG’s dividend payout ratio is currently 176.47%.

Wall Street Analyst Weigh In

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

FLEX LNG Profile

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.