Barclays PLC Buys 27,746 Shares of FLEX LNG Ltd. (NYSE:FLNG)

Barclays PLC boosted its stake in shares of FLEX LNG Ltd. (NYSE:FLNG) by 124.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,063 shares of the company’s stock after buying an additional 27,746 shares during the quarter. Barclays PLC owned approximately 0.09% of FLEX LNG worth $1,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FLNG. GAMMA Investing LLC lifted its stake in shares of FLEX LNG by 6,254.8% in the third quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock worth $50,000 after acquiring an additional 1,939 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of FLEX LNG in the 2nd quarter worth approximately $98,000. FMR LLC lifted its position in shares of FLEX LNG by 39.4% in the 3rd quarter. FMR LLC now owns 7,348 shares of the company’s stock worth $189,000 after purchasing an additional 2,075 shares during the period. Creative Planning bought a new stake in shares of FLEX LNG in the 3rd quarter valued at $206,000. Finally, Intech Investment Management LLC acquired a new stake in shares of FLEX LNG during the third quarter worth $210,000.

Analysts Set New Price Targets

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

FLEX LNG Trading Down 1.5 %

Shares of FLNG stock opened at $25.57 on Tuesday. FLEX LNG Ltd. has a fifty-two week low of $20.85 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21. The stock has a 50 day simple moving average of $23.69 and a two-hundred day simple moving average of $25.28. The company has a market cap of $1.38 billion, a P/E ratio of 15.04 and a beta of 0.72.

FLEX LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $3.00 annualized dividend and a dividend yield of 11.73%. 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.