Fmr LLC Has $189,000 Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Fmr LLC raised its stake in FLEX LNG Ltd. (NYSE:FLNG) by 39.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,348 shares of the company’s stock after purchasing an additional 2,075 shares during the period. Fmr LLC’s holdings in FLEX LNG were worth $189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hosking Partners LLP lifted its stake in shares of FLEX LNG by 42.0% in the second quarter. Hosking Partners LLP now owns 287,625 shares of the company’s stock valued at $7,777,000 after buying an additional 85,040 shares during the period. Denali Advisors LLC raised its holdings in FLEX LNG by 96.5% in the 2nd quarter. Denali Advisors LLC now owns 158,400 shares of the company’s stock valued at $4,283,000 after acquiring an additional 77,800 shares in the last quarter. Marshall Wace LLP lifted its position 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 acquired a new stake in shares of FLEX LNG during the 3rd quarter worth approximately $1,460,000. Finally, Renaissance Technologies LLC increased its position in shares of FLEX LNG by 6.8% during the second quarter. Renaissance Technologies LLC now owns 400,200 shares of the company’s stock valued at $10,821,000 after purchasing an additional 25,600 shares during the period.

FLEX LNG Price Performance

Shares of FLEX LNG 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 50-day simple moving average is $24.12 and its 200-day simple moving average is $25.73. FLEX LNG Ltd. has a twelve month low of $20.85 and a twelve month 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed 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.