15,830 Shares in FLEX LNG Ltd. (NYSE:FLNG) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,830 shares of the company's stock, valued at approximately $363,000.

Other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of FLEX LNG in the 4th quarter valued at $29,000. WFA Asset Management Corp grew its position in FLEX LNG by 106.8% in the fourth quarter. WFA Asset Management Corp now owns 2,068 shares of the company's stock valued at $47,000 after acquiring an additional 1,068 shares during the last quarter. Steward Partners Investment Advisory LLC raised 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 worth $59,000 after acquiring an additional 558 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of FLEX LNG in the fourth quarter worth about $75,000. Finally, Signaturefd LLC boosted its stake in shares of FLEX LNG by 76.5% in the 4th quarter. Signaturefd LLC now owns 4,941 shares of the company's stock valued at $113,000 after purchasing an additional 2,141 shares in the last quarter.

FLEX LNG Trading Up 1.3 %

Shares of FLNG stock traded up $0.30 during trading hours on Friday, hitting $23.06. 244,099 shares of the company's stock traded hands, compared to its average volume of 344,143. The stock has a market cap of $1.24 billion, a PE ratio of 10.58 and a beta of 0.62. The stock's 50 day simple moving average is $23.69 and its 200 day simple moving average is $24.26. The company has a quick ratio of 2.96, a current ratio of 2.99 and a debt-to-equity ratio of 2.11. FLEX LNG Ltd. has a 12 month low of $20.85 and a 12 month high of $30.48.

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FLEX LNG (NYSE:FLNG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.61% and a net margin of 33.03%. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, sell-side analysts anticipate that FLEX LNG Ltd. will post 1.9 EPS for the current year.

FLEX LNG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Thursday, February 20th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $3.00 dividend on an annualized basis and a yield of 13.01%. FLEX LNG's payout ratio is currently 137.61%.

Wall Street Analyst Weigh In

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

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.