Crestline Management LP Invests $1.15 Million in FLEX LNG Ltd. (NYSE:FLNG)

Crestline Management LP acquired a new position in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,283 shares of the company's stock, valued at approximately $1,153,000. Crestline Management LP owned about 0.09% of FLEX LNG at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in FLEX LNG by 27.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock valued at $59,000 after purchasing an additional 558 shares during the last quarter. Apollon Wealth Management LLC lifted 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 worth $231,000 after buying an additional 600 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of FLEX LNG by 3.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company's stock worth $516,000 after acquiring an additional 666 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of FLEX LNG by 465.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company's stock worth $26,000 after acquiring an additional 941 shares during the last quarter. Finally, WFA Asset Management Corp raised its stake in shares of FLEX LNG by 106.8% in the fourth quarter. WFA Asset Management Corp now owns 2,068 shares of the company's stock worth $47,000 after acquiring an additional 1,068 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FLNG. Fearnley Fonds raised shares of FLEX LNG to a "hold" rating in a research note on Monday, February 17th. Jefferies Financial Group reissued a "hold" rating and issued a $23.00 target price on shares of FLEX LNG in a research note on Tuesday, February 4th.

FLEX LNG Trading Up 0.8%

NYSE:FLNG traded up $0.19 on Friday, hitting $24.10. 180,321 shares of the stock were exchanged, compared to its average volume of 362,843. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.06 and a beta of 0.45. FLEX LNG Ltd. has a 52 week low of $19.46 and a 52 week high of $30.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.96 and a current ratio of 2.99. The company's 50-day moving average price is $22.58 and its 200 day moving average price is $23.56.

FLEX LNG (NYSE:FLNG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, equities research analysts forecast that FLEX LNG Ltd. will post 1.9 earnings per share for the current year.

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.