12,000 Shares in FLEX LNG Ltd. (NYSE:FLNG) Acquired by American Financial Group Inc.

American Financial Group Inc. bought a new stake in shares of FLEX LNG Ltd. (NYSE:FLNG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors have also recently added to or reduced their stakes in FLNG. Raymond James Financial Inc. acquired a new stake in shares of FLEX LNG during the fourth quarter valued at approximately $3,890,000. Jennison Associates LLC bought a new stake in FLEX LNG in the 3rd quarter valued at $1,460,000. AlphaCentric Advisors LLC bought a new stake in shares of FLEX LNG during the fourth quarter valued at approximately $1,198,000. Denali Advisors LLC grew its stake in shares of FLEX LNG by 19.8% in the 4th quarter. Denali Advisors LLC now owns 236,900 shares of the company’s stock valued at $5,434,000 after purchasing an additional 39,100 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in FLEX LNG by 41.8% during 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 purchasing an additional 29,000 shares during the last quarter.

Analysts Set New Price Targets

FLNG has been the subject of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and set a $23.00 target price on shares of FLEX LNG in a research report on Tuesday, February 4th. Fearnley Fonds raised FLEX LNG to a “hold” rating in a research report on Monday, February 17th.

FLEX LNG Trading Down 2.5 %

Shares of FLNG opened at $22.37 on Monday. The business’s fifty day moving average is $23.99 and its 200-day moving average is $24.36. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.26 and a beta of 0.62. FLEX LNG Ltd. has a 52-week low of $20.85 and a 52-week high of $30.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.96 and a current ratio of 2.99.

FLEX LNG (NYSE:FLNG) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $0.70 earnings per share. Equities analysts anticipate that FLEX LNG Ltd. will post 1.9 EPS for the current fiscal year.

FLEX LNG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Thursday, February 20th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $3.00 annualized dividend and a yield of 13.41%. FLEX LNG’s payout ratio is currently 137.61%.

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.