Verition Fund Management LLC Buys Shares of 13,245 FLEX LNG Ltd. (NYSE:FLNG)

Verition Fund Management LLC purchased a new position in shares of FLEX LNG Ltd. (NYSE:FLNG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,245 shares of the company’s stock, valued at approximately $337,000.

A number of other large investors have also made changes to their positions in FLNG. Hosking Partners LLP grew its position in FLEX LNG by 42.0% during the second quarter. Hosking Partners LLP now owns 287,625 shares of the company’s stock worth $7,777,000 after buying an additional 85,040 shares during the period. Denali Advisors LLC boosted its stake in shares of FLEX LNG by 96.5% during the 2nd quarter. Denali Advisors LLC now owns 158,400 shares of the company’s stock worth $4,283,000 after acquiring an additional 77,800 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of FLEX LNG by 184.6% in the 2nd quarter. Marshall Wace LLP now owns 117,673 shares of the company’s stock worth $3,182,000 after acquiring an additional 76,321 shares during the period. Jennison Associates LLC purchased a new position in FLEX LNG in the 3rd quarter valued at approximately $1,460,000. Finally, Renaissance Technologies LLC boosted its position in FLEX LNG by 6.8% during the second quarter. Renaissance Technologies LLC now owns 400,200 shares of the company’s stock worth $10,821,000 after purchasing an additional 25,600 shares in the last quarter.

FLEX LNG Stock Up 0.1 %

Shares of NYSE FLNG opened at $22.29 on Friday. The firm’s 50-day moving average is $24.63 and its two-hundred day moving average is $25.99. The company has a market capitalization of $1.19 billion, a PE ratio of 13.11 and a beta of 0.71. FLEX LNG Ltd. has a 12-month low of $21.39 and a 12-month high of $31.41. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.21 and a quick ratio of 2.18.

FLEX LNG Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 13.46%. The ex-dividend date of this dividend is Wednesday, November 27th. FLEX LNG’s dividend payout ratio (DPR) is presently 176.47%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and issued a $24.00 target price on shares of FLEX LNG in a report on Tuesday, November 12th.

About FLEX LNG

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.