Public Employees Retirement System of Ohio Takes $289,000 Position in FLEX LNG Ltd. (NYSE:FLNG)

Public Employees Retirement System of Ohio acquired a new position in FLEX LNG Ltd. (NYSE:FLNG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,206 shares of the company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted 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 worth $13,125,000 after purchasing an additional 11,695 shares during the period. Renaissance Technologies LLC lifted 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 worth $10,821,000 after acquiring an additional 25,600 shares in the last quarter. Hosking Partners LLP lifted its position in shares of FLEX LNG by 42.0% during the second quarter. Hosking Partners LLP now owns 287,625 shares of the company’s stock worth $7,777,000 after acquiring an additional 85,040 shares in the last quarter. Denali Advisors LLC boosted its holdings in shares of FLEX LNG by 96.5% in the second quarter. Denali Advisors LLC now owns 158,400 shares of the company’s stock worth $4,283,000 after acquiring an additional 77,800 shares during the period. Finally, Marshall Wace LLP grew its position in shares of FLEX LNG by 184.6% in the second quarter. Marshall Wace LLP now owns 117,673 shares of the company’s stock valued at $3,182,000 after purchasing an additional 76,321 shares in the last quarter.

Analyst Upgrades and Downgrades

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

FLEX LNG Price Performance

Shares of NYSE:FLNG opened at $21.33 on Friday. FLEX LNG Ltd. has a 12 month low of $20.85 and a 12 month high of $31.41. The company has a current ratio of 2.21, a quick ratio of 2.18 and a debt-to-equity ratio of 1.97. The stock has a market cap of $1.13 billion, a P/E ratio of 12.55 and a beta of 0.71. The company has a 50 day moving average of $24.12 and a 200 day moving average of $25.73.

FLEX LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th were issued a $0.75 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $3.00 annualized dividend and a dividend yield of 14.06%. FLEX LNG’s payout ratio is currently 176.47%.

About FLEX LNG

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.