Janus Henderson Group PLC Purchases 45,037 Shares of FLEX LNG Ltd. (NYSE:FLNG)

Janus Henderson Group PLC increased its position in FLEX LNG Ltd. (NYSE:FLNG) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 299,864 shares of the company’s stock after purchasing an additional 45,037 shares during the quarter. Janus Henderson Group PLC owned approximately 0.56% of FLEX LNG worth $6,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in FLEX LNG by 27.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company’s stock valued at $59,000 after acquiring an additional 558 shares in the last quarter. Apollon Wealth Management LLC boosted its position in FLEX LNG by 6.3% during the 4th quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company’s stock valued at $231,000 after acquiring an additional 600 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in FLEX LNG by 3.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company’s stock valued at $516,000 after acquiring an additional 666 shares in the last quarter. Quadrant Capital Group LLC boosted its position in FLEX LNG by 465.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $26,000 after acquiring an additional 941 shares in the last quarter. Finally, WFA Asset Management Corp boosted its position in FLEX LNG by 106.8% during the 4th quarter. WFA Asset Management Corp now owns 2,068 shares of the company’s stock valued at $47,000 after acquiring an additional 1,068 shares in the last quarter.

FLEX LNG Stock Up 0.3%

FLEX LNG stock opened at $24.77 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.99 and a quick ratio of 2.96. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.36 and a beta of 0.45. FLEX LNG Ltd. has a 1-year low of $19.46 and a 1-year high of $30.48. The business has a fifty day moving average price of $22.86 and a 200-day moving average price of $23.57.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 target price on shares of FLEX LNG in a research report on Tuesday, February 4th. Fearnley Fonds raised FLEX LNG to a “hold” rating in a research report on Monday, February 17th.

About FLEX LNG

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.