FLEX LNG Ltd. (NYSE:FLNG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 20.2% during the 4th quarter, according to its most recent disclosure 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 approximately 0.14% of FLEX LNG worth $1,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC purchased a new stake in shares of FLEX LNG during the third quarter worth about $1,460,000. Barclays PLC grew its stake in FLEX LNG by 124.3% during the 3rd quarter. Barclays PLC now owns 50,063 shares of the company's stock valued at $1,273,000 after purchasing an additional 27,746 shares in the last quarter. Verition Fund Management LLC purchased a new stake in FLEX LNG during the 3rd quarter worth approximately $337,000. Legacy Investment Solutions LLC acquired a new position in shares of FLEX LNG in the 3rd quarter valued at approximately $311,000. Finally, State Street Corp boosted its stake in shares of FLEX LNG by 2.3% during the 3rd quarter. State Street Corp now owns 515,911 shares of the company's stock valued at $13,125,000 after buying an additional 11,695 shares during the last quarter.

FLEX LNG Stock Down 3.4 %

Shares of FLEX LNG stock traded down $0.87 during trading on Thursday, reaching $25.11. The company had a trading volume of 662,573 shares, compared to its average volume of 448,569. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 14.77 and a beta of 0.70. FLEX LNG Ltd. has a fifty-two week low of $20.85 and a fifty-two week high of $30.48. The firm's fifty day moving average is $23.86 and its 200-day moving average is $25.15. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21.

FLEX LNG (NYSE:FLNG - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. FLEX LNG had a return on equity of 16.27% and a net margin of 25.33%. During the same quarter in the prior year, the firm posted $0.70 EPS. On average, analysts anticipate that FLEX LNG Ltd. will post 2.3 EPS for the current year.

FLEX LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Thursday, February 20th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date of this dividend is Thursday, February 20th. FLEX LNG's dividend payout ratio is presently 176.47%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a "hold" rating and set a $23.00 price target on shares of FLEX LNG in a research report on Tuesday.

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.