FLEX LNG (NYSE:FLNG) Shares Unloaded Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently sold shares of FLEX LNG Ltd. NYSE: FLNG. In a filing disclosed on April 04th, the Representative disclosed that they had sold between $15,001 and $50,000 in FLEX LNG stock on March 7th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 3/7/2025.
• Sold $50,001 - $100,000 in shares of Energy Transfer NYSE: ET on 3/7/2025.
• Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 3/5/2025.
• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 2/19/2025.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 2/14/2025.

FLEX LNG Trading Up 5.0 %

Shares of NYSE FLNG traded up $1.07 during mid-day trading on Friday, hitting $22.47. The company's stock had a trading volume of 385,120 shares, compared to its average volume of 361,613. FLEX LNG Ltd. has a one year low of $19.46 and a one year high of $30.48. The company's fifty day simple moving average is $22.72 and its 200-day simple moving average is $23.90. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.99 and a quick ratio of 2.96. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 10.31 and a beta of 0.42.

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FLEX LNG (NYSE:FLNG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, beating 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 business posted $0.70 earnings per share. On average, sell-side analysts anticipate that FLEX LNG Ltd. will post 1.9 earnings per share for the current fiscal year.

FLEX LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Thursday, February 20th were given a $0.75 dividend. The ex-dividend date was Thursday, February 20th. This represents a $3.00 dividend on an annualized basis and a yield of 13.35%. FLEX LNG's payout ratio is 137.61%.

Institutional Trading of FLEX LNG

Institutional investors have recently made changes to their positions in the business. State Street Corp raised its holdings in FLEX LNG by 2.3% during the third quarter. State Street Corp now owns 515,911 shares of the company's stock worth $13,125,000 after acquiring an additional 11,695 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of FLEX LNG by 10.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,014 shares of the company's stock worth $9,630,000 after purchasing an additional 39,572 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FLEX LNG by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 360,588 shares of the company's stock worth $8,272,000 after purchasing an additional 3,411 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of FLEX LNG by 45.2% in the 1st quarter. Gilman Hill Asset Management LLC now owns 325,872 shares of the company's stock valued at $7,492,000 after buying an additional 101,392 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of FLEX LNG by 17.7% in the fourth quarter. Janus Henderson Group PLC now owns 299,864 shares of the company's stock valued at $6,717,000 after buying an additional 45,037 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $23.00 price target on shares of FLEX LNG in a report on Tuesday, February 4th. Fearnley Fonds upgraded FLEX LNG to a "hold" rating in a report on Monday, February 17th.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027. Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.