Price T Rowe Associates Inc. MD Boosts Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Price T Rowe Associates Inc. MD lifted its stake in FLEX LNG Ltd. (NYSE:FLNG) by 21.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,226 shares of the company’s stock after buying an additional 2,123 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in FLEX LNG were worth $281,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of FLEX LNG during the 4th quarter valued at about $3,890,000. Trek Financial LLC bought a new stake in shares of FLEX LNG during the 4th quarter valued at about $3,833,000. AlphaCentric Advisors LLC bought a new stake in shares of FLEX LNG during the 4th quarter valued at about $1,198,000. Denali Advisors LLC grew its stake in shares of FLEX LNG by 19.8% during the 4th quarter. Denali Advisors LLC now owns 236,900 shares of the company’s stock valued at $5,434,000 after purchasing an additional 39,100 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of FLEX LNG by 41.8% during the 4th quarter. New York State Common Retirement Fund now owns 98,451 shares of the company’s stock valued at $2,258,000 after purchasing an additional 29,000 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FLNG shares. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price objective on shares of FLEX LNG in a research note on Tuesday, February 4th. Fearnley Fonds upgraded FLEX LNG to a “hold” rating in a research note on Monday, February 17th.

FLEX LNG Stock Up 0.2%

NYSE FLNG opened at $24.67 on Friday. The stock’s 50 day moving average is $22.80 and its 200 day moving average is $23.57. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11. FLEX LNG Ltd. has a 12 month low of $19.46 and a 12 month high of $30.48. The stock has a market cap of $1.33 billion, a PE ratio of 11.32 and a beta of 0.45.

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.