FLEX LNG Ltd. (NYSE:FLNG) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,700 shares of the company's stock after selling 24,200 shares during the quarter. Two Sigma Advisers LP's holdings in FLEX LNG were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FLNG. Steward Partners Investment Advisory LLC lifted its stake in shares of FLEX LNG by 27.5% during the fourth 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 period. Apollon Wealth Management LLC raised its stake in FLEX LNG by 6.3% in the 4th quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company's stock worth $231,000 after acquiring an additional 600 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in FLEX LNG by 3.1% during the 4th 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 period. Quadrant Capital Group LLC grew its stake in 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. Finally, MetLife Investment Management LLC grew its stake in FLEX LNG by 6.5% during the 4th quarter. MetLife Investment Management LLC now owns 18,956 shares of the company's stock valued at $435,000 after purchasing an additional 1,149 shares during the last quarter.

FLEX LNG Stock Performance

NYSE FLNG traded down $0.32 on Monday, reaching $23.63. 424,011 shares of the company's stock traded hands, compared to its average volume of 367,904. FLEX LNG Ltd. has a fifty-two week low of $19.46 and a fifty-two week high of $28.27. 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 firm has a market cap of $1.27 billion, a price-to-earnings ratio of 10.84 and a beta of 0.48. The stock has a 50 day moving average price of $23.25 and a 200-day moving average price of $23.46.

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

FLEX LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.70%. FLEX LNG's payout ratio is 157.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded FLEX LNG from a "hold" rating to a "sell" rating in a report on Friday. Fearnley Fonds raised shares of FLEX LNG to a "hold" rating in a research report on Monday, February 17th.

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.