Beck Capital Management LLC increased its stake in FLEX LNG Ltd. (NYSE:FLNG – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 111,308 shares of the company’s stock after purchasing an additional 911 shares during the quarter. Beck Capital Management LLC owned approximately 0.21% of FLEX LNG worth $3,010,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in FLNG. HHM Wealth Advisors LLC acquired a new stake in shares of FLEX LNG in the second quarter worth $47,000. Rothschild Investment LLC bought a new stake in FLEX LNG during the second quarter valued at about $81,000. Redwood Wealth Management Group LLC acquired a new stake in shares of FLEX LNG in the second quarter valued at about $98,000. Virtu Financial LLC bought a new position in shares of FLEX LNG in the fourth quarter worth about $200,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of FLEX LNG by 13.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,541 shares of the company’s stock worth $218,000 after purchasing an additional 993 shares during the period.
FLEX LNG Trading Down 2.9 %
Shares of FLNG stock opened at $26.14 on Monday. The firm has a market capitalization of $1.39 billion, a P/E ratio of 10.29 and a beta of 0.71. FLEX LNG Ltd. has a 1 year low of $24.16 and a 1 year high of $32.23. The firm’s fifty day simple moving average is $26.44 and its 200 day simple moving average is $26.65. The company has a current ratio of 2.57, a quick ratio of 2.54 and a debt-to-equity ratio of 2.01.
FLEX LNG Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 11.48%. The ex-dividend date was Thursday, August 29th. FLEX LNG’s payout ratio is presently 118.11%.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group raised FLEX LNG from an “underperform” rating to a “hold” rating and set a $24.00 target price on the stock in a report on Wednesday, August 14th.
Check Out Our Latest Report on FLEX LNG
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.
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