FLEX LNG Ltd. (NYSE:FLNG) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 420,014 shares of the company's stock after acquiring an additional 39,572 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.78% of FLEX LNG worth $9,630,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund increased its holdings in shares of FLEX LNG by 41.8% in the 4th quarter. New York State Common Retirement Fund now owns 98,451 shares of the company's stock valued at $2,258,000 after acquiring an additional 29,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of FLEX LNG in the 4th quarter valued at about $3,890,000. Atria Wealth Solutions Inc. increased its holdings 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. PNC Financial Services Group Inc. increased its holdings in shares of FLEX LNG by 1,894.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,493 shares of the company's stock valued at $241,000 after acquiring an additional 9,967 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of FLEX LNG by 21.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,226 shares of the company's stock valued at $281,000 after acquiring an additional 2,123 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and issued a $23.00 price objective on shares of FLEX LNG in a report on Tuesday, February 4th. Fearnley Fonds raised FLEX LNG to a "hold" rating in a research report on Monday, February 17th.

FLEX LNG Stock Performance

Shares of NYSE FLNG traded up $0.18 during trading hours on Thursday, reaching $22.57. The stock had a trading volume of 144,104 shares, compared to its average volume of 364,597. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.36 and a beta of 0.45. The company has a current ratio of 2.99, a quick ratio of 2.96 and a debt-to-equity ratio of 2.11. FLEX LNG Ltd. has a fifty-two week low of $19.46 and a fifty-two week high of $30.48. The firm has a 50-day moving average of $22.98 and a 200-day moving average of $23.57.

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

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.