Marshall Wace LLP Sells 46,257 Shares of FLEX LNG Ltd. (NYSE:FLNG)

Marshall Wace LLP lessened its stake in FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 37.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,056 shares of the company's stock after selling 46,257 shares during the quarter. Marshall Wace LLP owned approximately 0.14% of FLEX LNG worth $1,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in FLEX LNG by 465.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company's stock worth $26,000 after purchasing an additional 941 shares in the last quarter. Financial Life Planners purchased a new stake in shares of FLEX LNG in the fourth quarter worth about $29,000. WFA Asset Management Corp lifted its position in shares of 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 buying an additional 1,068 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in FLEX LNG by 27.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock valued at $59,000 after buying an additional 558 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in FLEX LNG during the 4th quarter valued at approximately $75,000.

FLEX LNG Trading Down 0.9 %

Shares of NYSE FLNG opened at $23.56 on Monday. FLEX LNG Ltd. has a 1-year low of $19.46 and a 1-year high of $30.48. 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 business's 50 day moving average is $22.35 and its two-hundred day moving average is $23.66. The stock has a market capitalization of $1.27 billion, a P/E ratio of 10.81 and a beta of 0.42.

FLEX LNG (NYSE:FLNG - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $0.70 EPS. As a group, research analysts expect that FLEX LNG Ltd. will post 1.9 EPS for the current year.

FLEX LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Thursday, February 20th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 12.74%. The ex-dividend date was Thursday, February 20th. FLEX LNG's dividend payout ratio is currently 137.61%.

Analyst Ratings Changes

FLNG has been the subject of a number of research reports. Fearnley Fonds upgraded FLEX LNG to a "hold" rating in a research report on Monday, February 17th. Jefferies Financial Group reiterated a "hold" rating and set a $23.00 price objective on shares of FLEX LNG in a research report on Tuesday, February 4th.

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.

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