AlphaCentric Advisors LLC Buys New Position in FLEX LNG Ltd. (NYSE:FLNG)

AlphaCentric Advisors LLC bought a new position in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 52,228 shares of the company's stock, valued at approximately $1,198,000. FLEX LNG accounts for approximately 1.2% of AlphaCentric Advisors LLC's holdings, making the stock its 22nd biggest position. AlphaCentric Advisors LLC owned approximately 0.10% of FLEX LNG as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Beck Capital Management LLC raised its stake in shares of FLEX LNG by 0.5% during the 3rd quarter. Beck Capital Management LLC now owns 111,891 shares of the company's stock worth $2,847,000 after buying an additional 583 shares during the period. Apollon Wealth Management LLC raised its stake in FLEX LNG by 6.3% in the 4th quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company's stock valued at $231,000 after purchasing an additional 600 shares during the last quarter. WFA Asset Management Corp raised its stake in FLEX LNG by 106.8% in the 4th quarter. WFA Asset Management Corp now owns 2,068 shares of the company's stock valued at $47,000 after purchasing an additional 1,068 shares during the last quarter. BNP Paribas Financial Markets raised its stake in FLEX LNG by 11.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,408 shares of the company's stock valued at $265,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Financial Life Planners acquired a new position in FLEX LNG in the 4th quarter valued at $29,000.

Analyst Ratings Changes

Several research firms recently commented on FLNG. Fearnley Fonds raised FLEX LNG to a "hold" rating in a research note on Monday. Jefferies Financial Group reissued a "hold" rating and issued a $23.00 price objective on shares of FLEX LNG in a research note on Tuesday, February 4th.

FLEX LNG Trading Down 7.0 %

Shares of FLNG traded down $1.73 during midday trading on Thursday, reaching $22.95. The company had a trading volume of 727,137 shares, compared to its average volume of 473,201. FLEX LNG Ltd. has a 1-year low of $20.85 and a 1-year high of $30.48. The stock has a market cap of $1.24 billion, a PE ratio of 10.53 and a beta of 0.70. The firm has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $25.01. The company has a quick ratio of 2.96, a current ratio of 2.99 and a debt-to-equity ratio of 2.11.

FLEX LNG (NYSE:FLNG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. During the same period in the prior year, the firm posted $0.70 earnings per share. Research analysts forecast that FLEX LNG Ltd. will post 1.9 EPS for the current fiscal year.

FLEX LNG Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Thursday, February 20th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date is Thursday, February 20th. FLEX LNG's dividend payout ratio (DPR) is presently 137.61%.

FLEX LNG 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.