American Financial Group Inc. Makes New $275,000 Investment in FLEX LNG Ltd. (NYSE:FLNG)

American Financial Group Inc. bought a new position in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,000 shares of the company's stock, valued at approximately $275,000.

Other hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of FLEX LNG by 27.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock worth $59,000 after buying an additional 558 shares in the last quarter. Beck Capital Management LLC lifted its position 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 valued at $2,847,000 after acquiring an additional 583 shares during the period. Apollon Wealth Management LLC boosted its stake in FLEX LNG by 6.3% during the fourth quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company's stock worth $231,000 after acquiring an additional 600 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in FLEX LNG by 3.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company's stock worth $516,000 after acquiring an additional 666 shares in the last quarter. Finally, WFA Asset Management Corp grew its holdings in FLEX LNG by 106.8% in the fourth quarter. WFA Asset Management Corp now owns 2,068 shares of the company's stock worth $47,000 after purchasing an additional 1,068 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a "hold" rating and set a $23.00 price objective on shares of FLEX LNG in a report on Tuesday, February 4th. Fearnley Fonds raised FLEX LNG to a "hold" rating in a research note on Monday, February 17th.

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FLEX LNG Stock Up 1.3 %

NYSE FLNG traded up $0.30 during mid-day trading on Friday, hitting $23.06. The company's stock had a trading volume of 244,099 shares, compared to its average volume of 344,143. FLEX LNG Ltd. has a twelve month low of $20.85 and a twelve month high of $30.48. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 10.58 and a beta of 0.62. The company's 50 day simple moving average is $23.69 and its 200 day simple moving average is $24.28. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11.

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

FLEX LNG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Thursday, February 20th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $3.00 dividend on an annualized basis and a yield of 13.01%. FLEX LNG's dividend payout ratio (DPR) is currently 137.61%.

About FLEX LNG

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.