Janney Montgomery Scott LLC Trims Stock Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Janney Montgomery Scott LLC lowered its holdings in FLEX LNG Ltd. (NYSE:FLNG) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,766 shares of the company’s stock after selling 1,835 shares during the period. Janney Montgomery Scott LLC owned 0.18% of FLEX LNG worth $2,411,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new stake in FLEX LNG during the second quarter worth about $47,000. GAMMA Investing LLC grew its holdings in shares of FLEX LNG by 6,254.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock worth $50,000 after purchasing an additional 1,939 shares during the period. Rothschild Investment LLC acquired a new stake in FLEX LNG during the 2nd quarter worth approximately $81,000. Redwood Wealth Management Group LLC purchased a new position in FLEX LNG in the second quarter valued at approximately $98,000. Finally, Creative Planning acquired a new position in FLEX LNG during the third quarter valued at approximately $206,000.

FLEX LNG Price Performance

NYSE:FLNG opened at $24.84 on Wednesday. The business’s 50-day moving average is $25.42 and its two-hundred day moving average is $26.58. FLEX LNG Ltd. has a 12 month low of $22.80 and a 12 month high of $31.83. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.57 and a quick ratio of 2.54.

FLEX LNG (NYSE:FLNG) last announced its earnings results on Wednesday, August 14th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The business had revenue of $84.70 million for the quarter. FLEX LNG had a return on equity of 16.79% and a net margin of 32.60%. Equities research analysts anticipate that FLEX LNG Ltd. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “hold” rating and issued a $24.00 price objective on shares of FLEX LNG in a research report on Tuesday.

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.