Rothschild Investment LLC Takes Position in FLEX LNG Ltd. (NYSE:FLNG)

Rothschild Investment LLC purchased a new position in shares of FLEX LNG Ltd. (NYSE:FLNG) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,010 shares of the company’s stock, valued at approximately $81,000.

Several other large investors have also recently added to or reduced their stakes in FLNG. Virtu Financial LLC purchased a new position in shares of FLEX LNG in the fourth quarter valued at $200,000. Price T Rowe Associates Inc. MD boosted its position in FLEX LNG by 13.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,541 shares of the company’s stock valued at $218,000 after buying an additional 993 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in FLEX LNG in the 2nd quarter valued at about $228,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FLEX LNG during the fourth quarter valued at about $253,000. Finally, Optimum Investment Advisors increased its position in shares of FLEX LNG by 5.6% during the second quarter. Optimum Investment Advisors now owns 9,395 shares of the company’s stock worth $254,000 after acquiring an additional 500 shares during the last quarter.

FLEX LNG Stock Down 0.7 %

FLNG stock opened at $25.94 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.54 and a debt-to-equity ratio of 2.01. The firm has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $26.61. The company has a market capitalization of $1.38 billion, a P/E ratio of 10.21 and a beta of 0.71. FLEX LNG Ltd. has a twelve month low of $24.16 and a twelve month high of $32.23.

FLEX LNG Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 11.57%. The ex-dividend date of this dividend is Thursday, August 29th. FLEX LNG’s payout ratio is currently 118.11%.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded FLEX LNG from an “underperform” rating to a “hold” rating and set a $24.00 price objective for the company in a research note on Wednesday, August 14th.

FLEX LNG 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.