FLEX LNG Ltd. (NYSE:FLNG) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC raised its position in FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,900 shares of the company's stock after buying an additional 39,100 shares during the period. Denali Advisors LLC owned approximately 0.44% of FLEX LNG worth $5,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beck Capital Management LLC lifted its position in shares of FLEX LNG by 0.5% during the third quarter. Beck Capital Management LLC now owns 111,891 shares of the company's stock worth $2,847,000 after purchasing an additional 583 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of 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 purchasing an additional 600 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of 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 purchasing an additional 666 shares during the last quarter. WFA Asset Management Corp lifted its position in shares of FLEX LNG by 106.8% during 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 last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of FLEX LNG by 11.7% during the third quarter. BNP Paribas Financial Markets now owns 10,408 shares of the company's stock worth $265,000 after purchasing an additional 1,094 shares during the last quarter.

FLEX LNG Stock Performance

NYSE FLNG traded up $0.10 during trading hours on Friday, reaching $21.97. The company's stock had a trading volume of 964,250 shares, compared to its average volume of 513,944. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11. The business has a 50-day simple moving average of $24.36 and a 200 day simple moving average of $24.87. FLEX LNG Ltd. has a 52 week low of $20.85 and a 52 week high of $30.48. The stock has a market cap of $1.18 billion, a PE ratio of 10.08 and a beta of 0.70.

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 net margin of 33.03% and a return on equity of 15.61%. During the same period in the previous year, the company earned $0.70 EPS. Equities research analysts predict that FLEX LNG Ltd. will post 1.9 earnings per share for the current fiscal year.

FLEX LNG Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.00 dividend on an annualized basis and a yield of 13.65%. FLEX LNG's dividend payout ratio is currently 137.61%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FLNG shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 price target on shares of FLEX LNG in a research report on Tuesday, February 4th. Fearnley Fonds raised shares of FLEX LNG to a "hold" rating in a research report on Monday, February 17th.

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.