FLEX LNG Ltd. (NYSE:FLNG) Shares Sold by Natixis

Natixis lessened its stake in shares of FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,107 shares of the company's stock after selling 15,669 shares during the period. Natixis' holdings in FLEX LNG were worth $71,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in FLEX LNG by 465.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company's stock valued at $26,000 after buying an additional 941 shares during the last quarter. Financial Life Planners purchased a new stake in shares of FLEX LNG in the 4th quarter valued at $29,000. WFA Asset Management Corp boosted its holdings in shares of FLEX LNG by 106.8% in the 4th quarter. WFA Asset Management Corp now owns 2,068 shares of the company's stock valued at $47,000 after acquiring an additional 1,068 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of FLEX LNG by 27.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock worth $59,000 after acquiring an additional 558 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of FLEX LNG during the fourth quarter worth $75,000.

Wall Street Analysts Forecast Growth

FLNG has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $23.00 price target on shares of FLEX LNG in a research report on Tuesday, February 4th. Fearnley Fonds raised FLEX LNG to a "hold" rating in a report on Monday, February 17th.

FLEX LNG Stock Performance

Shares of FLNG traded up $0.05 during trading hours on Thursday, hitting $23.64. The stock had a trading volume of 56,486 shares, compared to its average volume of 362,535. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 10.86 and a beta of 0.42. 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 50-day moving average price of $22.35 and a 200 day moving average price of $23.65. FLEX LNG Ltd. has a fifty-two week low of $19.46 and a fifty-two week high of $30.48.

FLEX LNG (NYSE:FLNG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. FLEX LNG had a net margin of 33.03% and a return on equity of 15.61%. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, research analysts anticipate that FLEX LNG Ltd. will post 1.9 EPS for the current year.

FLEX LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Thursday, February 20th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.69%. The ex-dividend date of this dividend was Thursday, February 20th. FLEX LNG's dividend payout ratio (DPR) is presently 137.61%.

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.