BNP Paribas Financial Markets Acquires 1,094 Shares of FLEX LNG Ltd. (NYSE:FLNG)

BNP Paribas Financial Markets raised its stake in shares of FLEX LNG Ltd. (NYSE:FLNG) by 11.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,408 shares of the company’s stock after purchasing an additional 1,094 shares during the quarter. BNP Paribas Financial Markets’ holdings in FLEX LNG were worth $265,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new position in shares of FLEX LNG during the second quarter valued at approximately $47,000. GAMMA Investing LLC grew its position in FLEX LNG by 6,254.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock worth $50,000 after purchasing an additional 1,939 shares during the period. Rothschild Investment LLC purchased a new stake in FLEX LNG during the 2nd quarter valued at $81,000. Redwood Wealth Management Group LLC bought a new position in shares of FLEX LNG during the 2nd quarter valued at $98,000. Finally, FMR LLC boosted its stake in shares of FLEX LNG by 39.4% in the 3rd quarter. FMR LLC now owns 7,348 shares of the company’s stock worth $189,000 after buying an additional 2,075 shares during the last quarter.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating and set a $24.00 price objective on shares of FLEX LNG in a research report on Tuesday, November 12th.

FLEX LNG Price Performance

Shares of NYSE:FLNG opened at $22.29 on Monday. The company has a quick ratio of 2.18, a current ratio of 2.21 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $1.19 billion, a PE ratio of 13.11 and a beta of 0.71. The firm’s 50 day moving average price is $24.63 and its 200-day moving average price is $25.95. FLEX LNG Ltd. has a twelve month low of $21.39 and a twelve month high of $31.41.

FLEX LNG Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.00 annualized dividend and a yield of 13.46%. FLEX LNG’s payout ratio is presently 176.47%.

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. Flex LNG Ltd.