Cypress Wealth Services LLC Makes New $213,000 Investment in FLEX LNG Ltd. (NYSE:FLNG)

Cypress Wealth Services LLC acquired a new stake in FLEX LNG Ltd. (NYSE:FLNG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,379 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FLNG. HHM Wealth Advisors LLC bought a new stake in FLEX LNG in the 2nd quarter worth $47,000. GAMMA Investing LLC increased its stake in shares of FLEX LNG by 6,254.8% during the third quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock valued at $50,000 after buying an additional 1,939 shares during the period. Rothschild Investment LLC bought a new position in shares of FLEX LNG during the second quarter valued at approximately $81,000. Redwood Wealth Management Group LLC purchased a new stake in FLEX LNG in the second quarter worth $98,000. Finally, Virtu Financial LLC bought a new stake in FLEX LNG in the fourth quarter valued at $200,000.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of FLEX LNG from an “underperform” rating to a “hold” rating and set a $24.00 price objective for the company in a report on Wednesday, August 14th.

FLEX LNG Stock Down 0.1 %

Shares of FLNG stock opened at $26.14 on Friday. The business’s fifty day moving average is $26.23 and its 200 day moving average is $26.72. The company has a quick ratio of 2.54, a current ratio of 2.57 and a debt-to-equity ratio of 2.01. FLEX LNG Ltd. has a twelve month low of $24.16 and a twelve month high of $32.23.

FLEX LNG (NYSE:FLNG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. FLEX LNG had a net margin of 32.60% and a return on equity of 16.79%. The business had revenue of $84.70 million for the quarter. As a group, sell-side analysts predict that FLEX LNG Ltd. will post 2.37 EPS for the current fiscal year.

FLEX LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 11.48%. FLEX LNG’s dividend payout ratio is currently 135.14%.

FLEX LNG Company Profile

Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. Flex LNG Ltd.