Principal Financial Group Inc. lifted its stake in shares of FLEX LNG Ltd. (NYSE:FLNG – Free Report) by 32.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,511 shares of the company’s stock after purchasing an additional 2,593 shares during the quarter. Principal Financial Group Inc.’s holdings in FLEX LNG were worth $317,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in shares of FLEX LNG by 15.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,461 shares of the company’s stock worth $75,000 after acquiring an additional 322 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in FLEX LNG by 3.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,450 shares of the company’s stock valued at $317,000 after acquiring an additional 345 shares during the last quarter. Optimum Investment Advisors grew its holdings in FLEX LNG by 1.9% during the 2nd quarter. Optimum Investment Advisors now owns 21,267 shares of the company’s stock worth $649,000 after acquiring an additional 405 shares during the period. American International Group Inc. lifted its stake in shares of FLEX LNG by 3.2% in the 2nd quarter. American International Group Inc. now owns 14,347 shares of the company’s stock valued at $438,000 after purchasing an additional 441 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in shares of FLEX LNG by 3.0% during the 1st quarter. Bleakley Financial Group LLC now owns 15,269 shares of the company’s stock valued at $513,000 after purchasing an additional 444 shares in the last quarter.
FLEX LNG Trading Up 2.2 %
Shares of FLNG stock opened at $26.48 on Tuesday. The company has a market cap of $1.41 billion, a P/E ratio of 11.87 and a beta of 0.83. FLEX LNG Ltd. has a fifty-two week low of $25.70 and a fifty-two week high of $35.97. The stock has a 50 day simple moving average of $29.37 and a two-hundred day simple moving average of $30.21. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.86 and a current ratio of 2.89.
FLEX LNG Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 23rd will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 11.33%. The ex-dividend date is Thursday, February 22nd. FLEX LNG’s dividend payout ratio (DPR) is currently 134.53%.
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. It also provides chartering services.
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