1 week Ago By Defense World Staff
Corebridge Financial Inc. cut its holdings in FLEX LNG Ltd. (NYSE:FLNG – Free Report) by 7.
0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,181 shares of the company’s stock after selling 1,146 shares during the quarter. Corebridge Financial Inc.
’s holdings in FLEX LNG were worth $348,000 at the end of the most recent quarter. Several other large investors also recently bought and sold shares of FLNG. FMR LLC lifted its stake in FLEX LNG by 39.
4% in the third quarter. FMR LLC now owns 7,348 shares of the company’s stock worth $189,000 after purchasing an additional 2,075 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of FLEX LNG by 11.
7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,408 shares of the company’s stock valued at $265,000 after buying an additional 1,094 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of FLEX LNG in the 3rd quarter worth approximately $337,000.
Stifel Financial Corp grew its stake in FLEX LNG by 16.0% during the 3rd quarter. Stifel Financial Corp now owns 40,831 shares of the company’s stock worth $1,039,000 after buying an additional 5,641 shares during the last quarter.
Finally, State Street Corp grew its position in FLEX LNG by 2.3% during the 3rd quarter. State Street Corp now owns 515,911 shares of the company’s stock worth $13,125,000 after purchasing an additional 11,695 shares during the last quarter.
FLEX LNG Stock PerformanceShares of FLNG stock opened at $21.82 on Thursday. The company has a market capitalization of $1.
18 billion, a P/E ratio of 10.01 and a beta of 0.42.
FLEX LNG Ltd. has a 12-month low of $19.46 and a 12-month high of $30.
48. The business’s 50 day moving average is $22.88 and its two-hundred day moving average is $23.
95. The company has a current ratio of 2.99, a quick ratio of 2.
96 and a debt-to-equity ratio of 2.11. FLEX LNG (NYSE:FLNG – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th.
The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.
06. FLEX LNG had a net margin of 33.03% and a return on equity of 15.
61%. During the same period in the previous year, the company posted $0.70 EPS.
Analysts expect that FLEX LNG Ltd. will post 1.9 EPS for the current fiscal year.
FLEX LNG Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Thursday, February 20th were paid a $0.75 dividend.
This represents a $3.00 annualized dividend and a yield of 13.75%.
The ex-dividend date was Thursday, February 20th. FLEX LNG’s dividend payout ratio is currently 137.61%.
Analyst Upgrades and DowngradesSeveral brokerages have weighed in on FLNG. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 price target on shares of FLEX LNG in a research report on Tuesday, February 4th.
Fearnley Fonds raised shares of FLEX LNG to a “hold” rating in a research note on Monday, February 17th.Check Out Our Latest Stock Analysis on FLEX LNGFLEX LNG Company Profile (Free Report)FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers.
The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda. Further ReadingFive stocks we like better than FLEX LNGHow to invest in marijuana stocks in 7 steps Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreStock Market Sectors: What Are They and How Many Are There? Are Tariffs Threatening Disney’s Comeback Story?How to Choose Top Rated StocksIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding FLNG? Visit HoldingsChannel.
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