FLEX LNG Ltd. (NYSE:FLNG) Shares Bought by PDT Partners LLC

PDT Partners LLC boosted its stake in shares of FLEX LNG Ltd. (NYSE:FLNG) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,312 shares of the company’s stock after buying an additional 8,033 shares during the quarter. PDT Partners LLC owned 0.14% of FLEX LNG worth $1,892,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of FLEX LNG by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,241,810 shares of the company’s stock worth $31,579,000 after purchasing an additional 21,793 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of FLEX LNG by 13.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,541 shares of the company’s stock worth $218,000 after buying an additional 993 shares during the period. Virtu Financial LLC grew its stake in shares of FLEX LNG by 32.2% in the first quarter. Virtu Financial LLC now owns 9,089 shares of the company’s stock valued at $231,000 after buying an additional 2,214 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of FLEX LNG by 627.4% in the 1st quarter. Cetera Investment Advisers now owns 66,300 shares of the company’s stock valued at $1,686,000 after buying an additional 57,185 shares during the period. Finally, Gilman Hill Asset Management LLC lifted its stake in FLEX LNG by 1.4% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 290,908 shares of the company’s stock worth $7,866,000 after acquiring an additional 4,041 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $24.00 target price on shares of FLEX LNG in a research report on Tuesday, November 12th.

FLEX LNG Trading Up 0.5 %

Shares of FLNG stock opened at $24.14 on Friday. FLEX LNG Ltd. has a fifty-two week low of $22.80 and a fifty-two week high of $31.41. The company has a 50 day moving average price of $25.29 and a 200 day moving average price of $26.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21.

FLEX LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.00 annualized dividend and a dividend yield of 12.43%. FLEX LNG’s dividend payout ratio (DPR) is 176.47%.

FLEX LNG 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.