FLEX LNG (NYSE:FLNG) Shares Gap Up to $18.30

FLEX LNG Ltd. (NYSE:FLNG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $18.30, but opened at $18.94. FLEX LNG shares last traded at $18.90, with a volume of 215 shares.

The business has a fifty day simple moving average of $16.28 and a two-hundred day simple moving average of $14.11. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.19 and a quick ratio of 1.16. The company has a market cap of $1.00 billion, a PE ratio of 10.96 and a beta of 1.55.

FLEX LNG (NYSE:FLNG) last issued its quarterly earnings data on Tuesday, August 17th. The company reported $0.29 EPS for the quarter. FLEX LNG had a return on equity of 8.94% and a net margin of 36.19%. The firm had revenue of $65.84 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend was Wednesday, September 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in shares of FLEX LNG in the 2nd quarter valued at $27,000. Vanguard Group Inc. grew its position in FLEX LNG by 17.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,722 shares of the company’s stock worth $261,000 after purchasing an additional 2,639 shares during the period. Morgan Stanley grew its position in FLEX LNG by 255.9% during the 2nd quarter. Morgan Stanley now owns 4,000 shares of the company’s stock worth $59,000 after purchasing an additional 2,876 shares during the period. Advisory Services Network LLC acquired a new stake in FLEX LNG during the 2nd quarter worth about $59,000. Finally, Citigroup Inc. grew its position in FLEX LNG by 2,343.7% during the 2nd quarter. Citigroup Inc. now owns 8,284 shares of the company’s stock worth $120,000 after purchasing an additional 7,945 shares during the period. 18.33% of the stock is currently owned by hedge funds and other institutional investors.

FLEX LNG Company Profile (NYSE:FLNG)

FLEX LNG Ltd. engages in the operation of carrier vessels. It focuses on the engineering and construction of liquefied natural gas producer units. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in August 2006 and is headquartered in Hamilton, Bermuda.

Recommended Story: What is dollar cost averaging (DCA)?

Receive News & Ratings for FLEX LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLEX LNG and related companies with MarketBeat.com's FREE daily email newsletter.