Walled Lake Planning & Wealth Management LLC Purchases 1,862 Shares of FLEX LNG Ltd. (NYSE:FLNG)

Walled Lake Planning & Wealth Management LLC increased its stake in shares of FLEX LNG Ltd. (NYSE:FLNGFree Report) by 19.1% in the fourth quarter, HoldingsChannel reports. The firm owned 11,609 shares of the company’s stock after buying an additional 1,862 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in FLEX LNG were worth $337,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of FLEX LNG during the 3rd quarter worth $64,000. Prosperity Wealth Management Inc. purchased a new stake in FLEX LNG in the fourth quarter valued at about $206,000. Colonial River Wealth Management LLC purchased a new stake in FLEX LNG in the fourth quarter valued at about $226,000. Great Valley Advisor Group Inc. purchased a new stake in FLEX LNG in the third quarter valued at about $229,000. Finally, Optiver Holding B.V. raised its stake in FLEX LNG by 3,734.4% in the third quarter. Optiver Holding B.V. now owns 8,359 shares of the company’s stock valued at $252,000 after buying an additional 8,141 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their price target on FLEX LNG from $23.00 to $25.00 and gave the company an “underperform” rating in a research note on Thursday, May 23rd.

View Our Latest Research Report on FLEX LNG

FLEX LNG Stock Down 0.7 %

FLEX LNG stock traded down $0.21 during midday trading on Monday, reaching $28.53. The company’s stock had a trading volume of 137,566 shares, compared to its average volume of 331,250. The stock’s 50-day simple moving average is $26.91 and its 200-day simple moving average is $27.82. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.80 and a quick ratio of 2.76. The stock has a market capitalization of $1.52 billion, a P/E ratio of 11.30 and a beta of 0.76. FLEX LNG Ltd. has a 52-week low of $24.16 and a 52-week high of $33.33.

FLEX LNG (NYSE:FLNGGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.15. FLEX LNG had a return on equity of 16.31% and a net margin of 37.08%. The firm had revenue of $90.24 million during the quarter. On average, sell-side analysts expect that FLEX LNG Ltd. will post 2.27 EPS for the current year.

FLEX LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, June 10th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 10.52%. The ex-dividend date of this dividend is Monday, June 10th. FLEX LNG’s payout ratio is 118.11%.

FLEX LNG Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FLEX LNG (NYSE:FLNG)

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