Creative Planning Buys New Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Creative Planning purchased a new stake in FLEX LNG Ltd. (NYSE:FLNG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,104 shares of the company’s stock, valued at approximately $206,000.

Several other large investors have also recently bought and sold shares of FLNG. BNP Paribas Financial Markets raised its holdings in FLEX LNG by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 20,137 shares of the company’s stock valued at $512,000 after acquiring an additional 1,813 shares during the period. Russell Investments Group Ltd. raised its holdings in FLEX LNG by 821.1% in the 1st quarter. Russell Investments Group Ltd. now owns 145,968 shares of the company’s stock valued at $3,712,000 after acquiring an additional 130,121 shares during the period. Kingsview Wealth Management LLC bought a new position in FLEX LNG in the 1st quarter valued at about $828,000. Vanguard Group Inc. raised its holdings in FLEX LNG by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,241,810 shares of the company’s stock valued at $31,579,000 after acquiring an additional 21,793 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of FLEX LNG by 13.2% during 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 Stock Up 0.5 %

Shares of FLNG opened at $23.94 on Tuesday. FLEX LNG Ltd. has a 12 month low of $22.80 and a 12 month high of $31.83. The firm’s 50 day moving average is $25.42 and its 200-day moving average is $26.58. The company has a quick ratio of 2.54, a current ratio of 2.57 and a debt-to-equity ratio of 2.01.

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

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of 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.

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.