Stifel Financial Corp Has $1.49 Million Position in FLEX LNG Ltd. (NYSE:FLNG)

Stifel Financial Corp lifted its stake in FLEX LNG Ltd. (NYSE:FLNG) by 59.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,970 shares of the company’s stock after purchasing an additional 24,139 shares during the period. Stifel Financial Corp owned 0.12% of FLEX LNG worth $1,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FLNG. Raymond James Financial Inc. bought a new stake in shares of FLEX LNG in the 4th quarter valued at about $3,890,000. Trek Financial LLC bought a new position in shares of FLEX LNG during the fourth quarter worth $3,833,000. AlphaCentric Advisors LLC bought a new stake in shares of FLEX LNG in the 4th quarter valued at $1,198,000. Denali Advisors LLC raised its stake in FLEX LNG by 19.8% during the 4th quarter. Denali Advisors LLC now owns 236,900 shares of the company’s stock worth $5,434,000 after buying an additional 39,100 shares during the period. Finally, New York State Common Retirement Fund grew its stake in FLEX LNG by 41.8% in the fourth quarter. New York State Common Retirement Fund now owns 98,451 shares of the company’s stock valued at $2,258,000 after acquiring an additional 29,000 shares during the period.

FLEX LNG Trading Up 0.1 %

NYSE:FLNG opened at $23.88 on Wednesday. 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 twelve month low of $19.46 and a twelve month high of $30.48. The company has a market cap of $1.29 billion, a P/E ratio of 10.96 and a beta of 0.45. The business has a 50 day moving average price of $22.45 and a two-hundred day moving average price of $23.59.

FLEX LNG (NYSE:FLNG) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, topping 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 firm posted $0.70 EPS. As a group, analysts expect that FLEX LNG Ltd. will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FLNG shares. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price objective on shares of FLEX LNG in a report on Tuesday, February 4th. Fearnley Fonds raised shares of FLEX LNG to a “hold” rating in a research report on Monday, February 17th.

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.