Rep. Virginia Foxx Sells Off Shares of FLEX LNG Ltd. (NYSE:FLNG)

Representative Virginia Foxx (R-North Carolina) recently sold shares of FLEX LNG Ltd. NYSE: FLNG. In a filing disclosed on January 06th, the Representative disclosed that they had sold between $15,001 and $50,000 in FLEX LNG stock on December 6th.

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

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 12/6/2024.
• Sold $50,001 - $100,000 in shares of Via Renewables NASDAQ: VIASP on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 12/6/2024.
• Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of Bristol-Myers Squibb NYSE: BMY on 12/6/2024.
• Sold $15,001 - $50,000 in shares of Ardmore Shipping NYSE: ASC on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 12/6/2024.
• Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 12/6/2024.
• Sold $15,001 - $50,000 in shares of Energy Transfer NYSE: ET on 12/6/2024.

FLEX LNG Stock Up 0.7 %

Shares of FLNG stock traded up $0.17 on Thursday, reaching $24.55. 291,907 shares of the company's stock traded hands, compared to its average volume of 427,301. The business's 50 day moving average price is $23.60 and its two-hundred day moving average price is $25.35. The company has a market capitalization of $1.32 billion, a P/E ratio of 14.44 and a beta of 0.72. 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 Ltd. has a 12-month low of $20.85 and a 12-month high of $30.77.

FLEX LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Wednesday, November 27th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 12.22%. The ex-dividend date was Wednesday, November 27th. FLEX LNG's dividend payout ratio is 176.47%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Beck Capital Management LLC lifted its position in shares of FLEX LNG by 0.5% in the third quarter. Beck Capital Management LLC now owns 111,891 shares of the company's stock worth $2,847,000 after buying an additional 583 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in FLEX LNG by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,935 shares of the company's stock worth $296,000 after purchasing an additional 652 shares during the period. Squarepoint Ops LLC grew its holdings in FLEX LNG by 7.7% during the second quarter. Squarepoint Ops LLC now owns 11,326 shares of the company's stock valued at $306,000 after purchasing an additional 806 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of FLEX LNG by 11.7% in the third quarter. BNP Paribas Financial Markets now owns 10,408 shares of the company's stock valued at $265,000 after purchasing an additional 1,094 shares during the period. Finally, Chelsea Counsel Co. lifted its stake in shares of FLEX LNG by 2.8% in the third quarter. Chelsea Counsel Co. now owns 60,350 shares of the company's stock worth $1,535,000 after buying an additional 1,640 shares during the last quarter.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a "hold" rating and issued a $24.00 price objective on shares of FLEX LNG in a research note on Tuesday, November 12th.

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, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. 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., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. Flex LNG Ltd.