Jenkins Wealth Purchases Shares of 33,775 FLEX LNG Ltd. (NYSE:FLNG)

Jenkins Wealth purchased a new stake in FLEX LNG Ltd. (NYSE:FLNG – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 33,775 shares of the company’s stock, valued at approximately $1,104,000. FLEX LNG comprises approximately 0.4% of Jenkins Wealth’s portfolio, making the stock its 29th biggest position. Jenkins Wealth owned 0.06% of FLEX LNG as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in FLEX LNG during the third quarter valued at about $42,000. National Bank of Canada FI increased its holdings in shares of FLEX LNG by 30.2% in the 3rd quarter. National Bank of Canada FI now owns 1,508 shares of the company’s stock valued at $47,000 after purchasing an additional 350 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of FLEX LNG by 26.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock valued at $75,000 after purchasing an additional 503 shares during the period. Kessler Investment Group LLC acquired a new position in shares of FLEX LNG in the 3rd quarter valued at about $114,000. Finally, Legal & General Group Plc acquired a new position in shares of FLEX LNG in the 2nd quarter valued at about $163,000. 20.60% of the stock is owned by institutional investors and hedge funds.

FLEX LNG Stock Down 1.8 %

Shares of FLEX LNG stock opened at $30.89 on Friday. FLEX LNG Ltd. has a 12-month low of $21.59 and a 12-month high of $38.24. The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $1.64 billion, a P/E ratio of 8.78 and a beta of 0.95. The stock has a 50 day moving average price of $32.68 and a two-hundred day moving average price of $32.95.

FLEX LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, February 23rd were given a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $3.00 annualized dividend and a dividend yield of 9.71%. FLEX LNG’s dividend payout ratio is 85.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FLNG shares. Jefferies Financial Group restated a “hold” rating and issued a $36.00 price objective on shares of FLEX LNG in a report on Tuesday, February 14th. Danske cut FLEX LNG from a “buy” rating to a “hold” rating in a research report on Thursday, February 16th. Six analysts have rated the stock with a hold rating, According to MarketBeat, FLEX LNG has a consensus rating of “Hold” and an average target price of $158.00.

FLEX LNG Profile

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FLEX LNG Ltd. engages in the operation of carrier vessels. It focuses on the engineering and construction of liquefied natural gas producer units. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in August 2006 and is headquartered in Hamilton, Bermuda.