Two Sigma Investments LP Has $451,000 Position in FLEX LNG Ltd. (NYSE:FLNG)

Two Sigma Investments LP cut its holdings in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 81.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,658 shares of the company's stock after selling 84,812 shares during the period. Two Sigma Investments LP's holdings in FLEX LNG were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted 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 valued at $59,000 after acquiring an additional 558 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of FLEX LNG by 6.3% in the 4th quarter. Apollon Wealth Management LLC now owns 10,052 shares of the company's stock valued at $231,000 after acquiring an additional 600 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of FLEX LNG by 3.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 22,489 shares of the company's stock valued at $516,000 after acquiring an additional 666 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of FLEX LNG by 465.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company's stock valued at $26,000 after acquiring an additional 941 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of FLEX LNG by 6.5% in the 4th quarter. MetLife Investment Management LLC now owns 18,956 shares of the company's stock valued at $435,000 after acquiring an additional 1,149 shares during the last quarter.

FLEX LNG Trading Up 1.8%

NYSE FLNG traded up $0.43 on Friday, reaching $24.58. The company had a trading volume of 459,876 shares, compared to its average volume of 370,155. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.28 and a beta of 0.48. FLEX LNG Ltd. has a fifty-two week low of $19.46 and a fifty-two week high of $28.27. The business has a 50 day moving average of $23.46 and a two-hundred day moving average of $23.43. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.99 and a quick ratio of 2.96.

FLEX LNG (NYSE:FLNG - Get Free Report) last posted 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. The business had revenue of $88.40 million during the quarter, compared to the consensus estimate of $87.70 million. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. Analysts forecast that FLEX LNG Ltd. will post 1.9 EPS for the current year.

FLEX LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 12.21%. FLEX LNG's payout ratio is 157.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FLNG shares. Wall Street Zen cut FLEX LNG from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Fearnley Fonds upgraded FLEX LNG to a "hold" rating in a report on Monday, February 17th.

FLEX LNG 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.