FLEX LNG Ltd. (NYSE:FLNG) Position Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of FLEX LNG Ltd. (NYSE:FLNG) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,576 shares of the company’s stock after selling 19,190 shares during the period. Janney Montgomery Scott LLC owned 0.14% of FLEX LNG worth $1,734,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Squarepoint Ops LLC lifted its holdings in FLEX LNG by 7.7% in the second quarter. Squarepoint Ops LLC now owns 11,326 shares of the company’s stock worth $306,000 after purchasing an additional 806 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of FLEX LNG by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,935 shares of the company’s stock worth $296,000 after buying an additional 652 shares during the period. Cetera Investment Advisers raised its stake in FLEX LNG by 3.9% during the 2nd quarter. Cetera Investment Advisers now owns 68,885 shares of the company’s stock valued at $1,863,000 after purchasing an additional 2,585 shares during the period. GAMMA Investing LLC grew its holdings in shares of FLEX LNG by 6,254.8% during the third quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock valued at $50,000 after buying an additional 1,939 shares in the last quarter. Finally, Cypress Wealth Services LLC acquired a new position in FLEX LNG during the third quarter valued at $213,000.

FLEX LNG Stock Down 1.4 %

FLNG stock opened at $25.50 on Monday. The company has a 50 day moving average of $23.82 and a two-hundred day moving average of $25.17. The company has a quick ratio of 2.18, a current ratio of 2.21 and a debt-to-equity ratio of 1.97. FLEX LNG Ltd. has a 12-month low of $20.85 and a 12-month high of $30.48. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 15.00 and a beta of 0.72.

FLEX LNG (NYSE:FLNG) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). FLEX LNG had a net margin of 25.33% and a return on equity of 16.27%. The firm had revenue of $90.48 million for the quarter. On average, equities analysts anticipate that FLEX LNG Ltd. will post 2.3 earnings per share for the current fiscal year.

FLEX LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Wednesday, November 27th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 11.76%. The ex-dividend date was Wednesday, November 27th. FLEX LNG’s payout ratio is presently 176.47%.

Wall Street Analysts Forecast Growth

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

FLEX LNG Company Profile

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.