PDT Partners LLC Has $516,000 Stake in FLEX LNG Ltd. (NYSE:FLNG)

PDT Partners LLC decreased its holdings in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,556 shares of the company's stock after selling 51,756 shares during the period. PDT Partners LLC's holdings in FLEX LNG were worth $516,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of FLEX LNG by 6.8% in the 4th quarter. Northern Trust Corp now owns 227,977 shares of the company's stock valued at $5,230,000 after purchasing an additional 14,528 shares in the last quarter. Crossingbridge Advisors LLC acquired a new stake in FLEX LNG during the 4th quarter valued at $5,405,000. Integrated Wealth Concepts LLC increased its stake in shares of FLEX LNG by 8.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,665 shares of the company's stock valued at $589,000 after buying an additional 1,965 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of FLEX LNG by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,226 shares of the company's stock valued at $281,000 after buying an additional 2,123 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of FLEX LNG by 59.1% during the fourth quarter. Stifel Financial Corp now owns 64,970 shares of the company's stock worth $1,490,000 after purchasing an additional 24,139 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Fearnley Fonds raised shares of FLEX LNG to a "hold" rating in a research report on Monday, February 17th. Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 price target on shares of FLEX LNG in a research note on Tuesday, February 4th.

FLEX LNG Stock Up 0.2 %

Shares of NYSE FLNG traded up $0.06 during mid-day trading on Wednesday, hitting $23.94. The company had a trading volume of 68,309 shares, compared to its average volume of 362,549. The firm has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $23.59. FLEX LNG Ltd. has a one year low of $19.46 and a one year high of $30.48. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $1.29 billion, a PE ratio of 10.99 and a beta of 0.45.

FLEX LNG (NYSE:FLNG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates 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 earned $0.70 earnings per share. On average, equities analysts expect that FLEX LNG Ltd. will post 1.9 EPS for the current year.

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.