Janus Henderson Group PLC Grows Holdings in FLEX LNG Ltd. (NYSE:FLNG)

Janus Henderson Group PLC increased its stake in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 299,864 shares of the company's stock after buying an additional 45,037 shares during the period. Janus Henderson Group PLC owned about 0.56% of FLEX LNG worth $6,717,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FLNG. Geode Capital Management LLC increased its stake in shares of FLEX LNG by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 360,588 shares of the company's stock worth $8,272,000 after purchasing an additional 3,411 shares in the last quarter. Denali Advisors LLC increased its stake in shares of FLEX LNG by 19.8% in the fourth quarter. Denali Advisors LLC now owns 236,900 shares of the company's stock worth $5,434,000 after purchasing an additional 39,100 shares in the last quarter. Crossingbridge Advisors LLC purchased a new position in shares of FLEX LNG in the fourth quarter worth about $5,405,000. Northern Trust Corp increased its stake in shares of FLEX LNG by 6.8% in the fourth quarter. Northern Trust Corp now owns 227,977 shares of the company's stock worth $5,230,000 after purchasing an additional 14,528 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of FLEX LNG in the fourth quarter worth about $3,890,000.

FLEX LNG Price Performance

NYSE:FLNG traded up $0.26 during mid-day trading on Friday, hitting $22.88. 414,656 shares of the stock traded hands, compared to its average volume of 365,581. The business's 50-day moving average price is $22.99 and its 200 day moving average price is $23.56. The company has a market cap of $1.23 billion, a PE ratio of 10.50 and a beta of 0.45. FLEX LNG Ltd. has a 12-month low of $19.46 and a 12-month high of $29.86. The company has a quick ratio of 2.96, a current ratio of 2.99 and a debt-to-equity ratio of 2.11.

FLEX LNG (NYSE:FLNG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. The company had revenue of $88.40 million during the quarter, compared to analysts' expectations of $87.70 million. FLEX LNG had a net margin of 33.03% and a return on equity of 15.61%. On average, analysts expect 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. Investors 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 annualized dividend and a yield of 13.11%. FLEX LNG's dividend payout ratio is currently 137.61%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FLNG. Jefferies Financial Group reiterated a "hold" rating and issued a $23.00 target price on shares of FLEX LNG in a research note on Tuesday, February 4th. Fearnley Fonds upgraded shares of FLEX LNG to a "hold" rating in a research note on Monday, February 17th.

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.