FLEX LNG Ltd. (NYSE:FLNG) Stock Holdings Lifted by Fmr LLC

Fmr LLC grew its position in shares of FLEX LNG Ltd. (NYSE:FLNG) by 39.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,348 shares of the company’s stock after buying an additional 2,075 shares during the quarter. Fmr LLC’s holdings in FLEX LNG were worth $189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new stake in FLEX LNG in the second quarter valued at approximately $47,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 1,939 shares in the last quarter. Rothschild Investment LLC acquired a new position in FLEX LNG during the second quarter worth $81,000. Redwood Wealth Management Group LLC bought a new position in FLEX LNG during the second quarter valued at about $98,000. Finally, Creative Planning acquired a new stake in shares of FLEX LNG in the third quarter worth about $206,000.

FLEX LNG Price Performance

NYSE FLNG opened at $21.33 on Friday. The company has a market cap of $1.13 billion, a P/E ratio of 12.55 and a beta of 0.71. FLEX LNG Ltd. has a 1 year low of $20.85 and a 1 year high of $31.41. The company has a current ratio of 2.21, a quick ratio of 2.18 and a debt-to-equity ratio of 1.97. The company has a fifty day simple moving average of $24.12 and a 200 day simple moving average of $25.73.

FLEX LNG Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 14.06%. FLEX LNG’s payout ratio is presently 176.47%.

Analyst Upgrades and Downgrades

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

FLEX LNG Company 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.