FLEX LNG Ltd. (NYSE:FLNG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of FLEX LNG Ltd. (NYSE:FLNGFree Report) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,207 shares of the company’s stock after selling 10,268 shares during the period. Janney Montgomery Scott LLC’s holdings in FLEX LNG were worth $1,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Naples Global Advisors LLC increased its holdings in shares of FLEX LNG by 0.7% during the 4th quarter. Naples Global Advisors LLC now owns 49,110 shares of the company’s stock worth $1,427,000 after buying an additional 360 shares during the last quarter. Essex Financial Services Inc. boosted its position in FLEX LNG by 8.3% during the 4th quarter. Essex Financial Services Inc. now owns 11,714 shares of the company’s stock worth $340,000 after purchasing an additional 894 shares during the period. Spire Wealth Management boosted its position in FLEX LNG by 6.2% during the 3rd quarter. Spire Wealth Management now owns 17,385 shares of the company’s stock worth $524,000 after purchasing an additional 1,008 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in FLEX LNG during the 3rd quarter worth $64,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in FLEX LNG by 7.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,210 shares of the company’s stock worth $907,000 after purchasing an additional 2,113 shares during the period.

FLEX LNG Price Performance

Shares of FLEX LNG stock opened at $29.43 on Tuesday. The company has a fifty day moving average price of $26.63 and a 200 day moving average price of $27.89. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 2.00. FLEX LNG Ltd. has a twelve month low of $24.16 and a twelve month high of $33.33.

FLEX LNG (NYSE:FLNGGet Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.15. The company had revenue of $90.24 million during the quarter. FLEX LNG had a net margin of 37.08% and a return on equity of 16.31%. Equities analysts expect that FLEX LNG Ltd. will post 2.27 EPS for the current fiscal year.

FLEX LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, June 10th will be given a $0.75 dividend. The ex-dividend date is Monday, June 10th. This represents a $3.00 dividend on an annualized basis and a yield of 10.19%. FLEX LNG’s payout ratio is currently 118.11%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upped their price target on shares of FLEX LNG from $23.00 to $25.00 and gave the stock an “underperform” rating in a research report on Thursday, May 23rd.

Read Our Latest Stock Report on FLEX LNG

FLEX LNG Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FLEX LNG (NYSE:FLNG)

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