Quantbot Technologies LP trimmed its stake in shares of FLEX LNG Ltd. (NYSE:FLNG – Free Report) by 50.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,618 shares of the company’s stock after selling 4,772 shares during the quarter. Quantbot Technologies LP’s holdings in FLEX LNG were worth $139,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Natixis bought a new stake in shares of FLEX LNG during the 4th quarter worth $26,000. IFP Advisors Inc acquired a new position in FLEX LNG in the 2nd quarter worth about $32,000. PNC Financial Services Group Inc. increased its holdings in FLEX LNG by 210.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,153 shares of the company’s stock worth $35,000 after purchasing an additional 782 shares in the last quarter. Fifth Third Bancorp increased its holdings in FLEX LNG by 80.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,350 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in FLEX LNG by 15.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,461 shares of the company’s stock worth $75,000 after purchasing an additional 322 shares in the last quarter.
FLEX LNG Price Performance
Shares of FLNG opened at $26.48 on Tuesday. FLEX LNG Ltd. has a 12-month low of $25.70 and a 12-month high of $35.97. The business 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 quick ratio of 2.86, a current ratio of 2.89 and a debt-to-equity ratio of 2.02. The stock has a market cap of $1.41 billion, a PE ratio of 11.87 and a beta of 0.83.
FLEX LNG Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 23rd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $3.00 annualized dividend and a dividend yield of 11.33%. FLEX LNG’s payout ratio is 134.53%.
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. It also provides chartering services.
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