Squarepoint Ops LLC Has $306,000 Stock Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Squarepoint Ops LLC grew its stake in shares of FLEX LNG Ltd. (NYSE:FLNG) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,326 shares of the company’s stock after purchasing an additional 806 shares during the quarter. Squarepoint Ops LLC’s holdings in FLEX LNG were worth $306,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Optimum Investment Advisors grew its stake in shares of FLEX LNG by 5.6% in the second quarter. Optimum Investment Advisors now owns 9,395 shares of the company’s stock valued at $254,000 after buying an additional 500 shares in the last quarter. Beck Capital Management LLC grew its position in shares of FLEX LNG by 0.8% in the 2nd quarter. Beck Capital Management LLC now owns 111,308 shares of the company’s stock valued at $3,010,000 after acquiring an additional 911 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of FLEX LNG by 13.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,541 shares of the company’s stock worth $218,000 after purchasing an additional 993 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of FLEX LNG in the 2nd quarter valued at about $47,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of FLEX LNG by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 20,137 shares of the company’s stock valued at $512,000 after purchasing an additional 1,813 shares during the period.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised FLEX LNG from an “underperform” rating to a “hold” rating and set a $24.00 price target on the stock in a research report on Wednesday, August 14th.

FLEX LNG Trading Down 0.7 %

FLNG opened at $25.96 on Friday. The stock’s fifty day simple moving average is $26.23 and its 200 day simple moving average is $26.72. FLEX LNG Ltd. has a 1-year low of $24.16 and a 1-year high of $32.23. The company has a debt-to-equity ratio of 2.01, a quick ratio of 2.54 and a current ratio of 2.57.

FLEX LNG (NYSE:FLNG) last posted its earnings results on Wednesday, August 14th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The company had revenue of $84.70 million during the quarter. FLEX LNG had a net margin of 32.60% and a return on equity of 16.79%. Equities research analysts expect that FLEX LNG Ltd. will post 2.37 EPS for the current fiscal year.

FLEX LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date of this dividend was Thursday, August 29th. FLEX LNG’s dividend payout ratio is presently 135.14%.

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.