11,206 Shares in FLEX LNG Ltd. (NYSE:FLNG) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of FLEX LNG Ltd. (NYSE:FLNG) in the 3rd quarter, HoldingsChannel reports. The firm bought 11,206 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLNG. Legacy Investment Solutions LLC purchased a new stake in shares of FLEX LNG during the 3rd quarter valued at $311,000. National Bank of Canada FI increased its stake in FLEX LNG by 25.1% in the third quarter. National Bank of Canada FI now owns 9,336 shares of the company’s stock valued at $238,000 after acquiring an additional 1,873 shares during the last quarter. State Street Corp raised its position in FLEX LNG by 2.3% during the third quarter. State Street Corp now owns 515,911 shares of the company’s stock valued at $13,125,000 after purchasing an additional 11,695 shares in the last quarter. Stifel Financial Corp lifted its stake in FLEX LNG by 16.0% during the third quarter. Stifel Financial Corp now owns 40,831 shares of the company’s stock worth $1,039,000 after purchasing an additional 5,641 shares during the last quarter. Finally, Beck Capital Management LLC boosted its holdings in shares of FLEX LNG by 0.5% in the 3rd quarter. Beck Capital Management LLC now owns 111,891 shares of the company’s stock worth $2,847,000 after purchasing an additional 583 shares in the last quarter.

FLEX LNG Price Performance

FLNG stock opened at $21.33 on Friday. The firm has a market cap of $1.13 billion, a P/E ratio of 12.55 and a beta of 0.71. The firm’s fifty day moving average is $24.12 and its 200 day moving average is $25.73. FLEX LNG Ltd. has a 52 week low of $20.85 and a 52 week high of $31.41. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21.

FLEX LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, November 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 14.06%. FLEX LNG’s dividend payout ratio (DPR) is currently 176.47%.

Wall Street Analysts Forecast Growth

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

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.