FLEX LNG Ltd. (NYSE:FLNG) Shares Purchased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its position in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 45.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,872 shares of the company's stock after buying an additional 101,392 shares during the quarter. FLEX LNG accounts for approximately 1.3% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 22nd biggest holding. Gilman Hill Asset Management LLC owned 0.60% of FLEX LNG worth $7,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in shares of 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 purchasing an additional 941 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of FLEX LNG by 27.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock worth $59,000 after buying an additional 558 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of FLEX LNG in the 4th quarter worth about $75,000. Signaturefd LLC grew its holdings in shares of FLEX LNG by 76.5% during the fourth quarter. Signaturefd LLC now owns 4,941 shares of the company's stock valued at $113,000 after buying an additional 2,141 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of FLEX LNG in the 4th quarter worth $190,000.

FLEX LNG Trading Down 3.4%

FLNG stock traded down $0.84 during trading on Friday, hitting $23.90. The company had a trading volume of 388,005 shares, compared to its average volume of 367,109. The company has a quick ratio of 2.96, a current ratio of 2.99 and a debt-to-equity ratio of 2.11. The company has a 50 day simple moving average of $23.23 and a 200-day simple moving average of $23.52. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.96 and a beta of 0.45. FLEX LNG Ltd. has a 52-week low of $19.46 and a 52-week high of $28.55.

FLEX LNG (NYSE:FLNG - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. FLEX LNG had a net margin of 33.03% and a return on equity of 15.61%. The business had revenue of $88.40 million during the quarter, compared to the consensus estimate of $87.70 million. As a group, research analysts forecast that FLEX LNG Ltd. will post 1.9 earnings per share for the current fiscal year.

FLEX LNG Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 12.55%. FLEX LNG's dividend payout ratio is presently 157.07%.

Analysts Set New Price Targets

FLNG has been the topic of several recent research reports. Fearnley Fonds upgraded shares of FLEX LNG to a "hold" rating in a research report on Monday, February 17th. Wall Street Zen upgraded shares of FLEX LNG from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th.

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.