Whipplewood Advisors LLC Has $71,000 Holdings in Flex LNG Ltd. $FLNG

Whipplewood Advisors LLC raised its position in Flex LNG Ltd. (NYSE:FLNG) by 9,185.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,250 shares of the company’s stock after acquiring an additional 3,215 shares during the period. Whipplewood Advisors LLC’s holdings in Flex LNG were worth $71,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Flex LNG by 145.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,030,250 shares of the company’s stock valued at $23,686,000 after acquiring an additional 610,236 shares during the period. Chelsea Counsel Co. lifted its holdings in shares of Flex LNG by 98.8% in the second quarter. Chelsea Counsel Co. now owns 95,000 shares of the company’s stock valued at $2,088,000 after purchasing an additional 47,225 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Flex LNG by 22.7% in the first quarter. Goldman Sachs Group Inc. now owns 149,097 shares of the company’s stock valued at $3,428,000 after purchasing an additional 27,543 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Flex LNG by 6,863.4% in the first quarter. Russell Investments Group Ltd. now owns 119,143 shares of the company’s stock valued at $2,739,000 after purchasing an additional 117,432 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Flex LNG by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,152 shares of the company’s stock valued at $624,000 after purchasing an additional 1,789 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FLNG shares. Jefferies Financial Group restated a “hold” rating and issued a $23.00 target price on shares of Flex LNG in a report on Wednesday, August 20th. Wall Street Zen upgraded Flex LNG from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Flex LNG in a report on Saturday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.00.

Flex LNG Stock Performance

Shares of Flex LNG stock opened at $24.91 on Monday. The business’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $24.37. The firm has a market capitalization of $1.34 billion, a P/E ratio of 13.54 and a beta of 0.46. Flex LNG Ltd. has a 12 month low of $19.46 and a 12 month high of $27.67. The company has a current ratio of 2.84, a quick ratio of 2.81 and a debt-to-equity ratio of 2.23.

Flex LNG (NYSE:FLNG) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $86.00 million for the quarter, compared to analyst estimates of $82.44 million. Flex LNG had a return on equity of 14.41% and a net margin of 27.84%. As a group, analysts anticipate that Flex LNG Ltd. will post 1.9 EPS for the current year.

Flex LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date was Friday, September 5th. Flex LNG’s dividend payout ratio (DPR) is 163.04%.

Flex LNG Company Profile

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.