FLEX LNG said on February 13, 2023 that its board of directors declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of February 23, 2023 will receive the payment on March 9, 2023. Previously, the company paid $0.75 per share.

At the current share price of $34.94 / share, the stock's dividend yield is 2.86%.

Analyst Price Forecast Suggests 0.39% Upside

As of February 15, 2023, the average one-year price target for FLEX LNG is $35.08. The forecasts range from a low of $30.45 to a high of $40.85. The average price target represents an increase of 0.39% from its latest reported closing price of $34.94.

The projected annual revenue for FLEX LNG is $380MM. The projected annual EPS is $3.02.

What is the Fund Sentiment?

There are 282 funds or institutions reporting positions in FLEX LNG. This is an increase of 41 owner(s) or 17.01% in the last quarter. Average portfolio weight of all funds dedicated to FLNG is 0.08%, a decrease of 29.72%. Total shares owned by institutions decreased in the last three months by 15.85% to 10,655K shares. The put/call ratio of FLNG is 0.60, indicating a bullish outlook.

What are large shareholders doing?

Folketrygdfondet holds 985K shares representing 1.84% ownership of the company. No change in the last quarter.

Janus Henderson Group holds 733K shares representing 1.37% ownership of the company. In it's prior filing, the firm reported owning 1,008K shares, representing a decrease of 37.47%. The firm decreased its portfolio allocation in FLNG by 75.14% over the last quarter.

IWM - iShares Russell 2000 ETF holds 617K shares representing 1.15% ownership of the company. In it's prior filing, the firm reported owning 651K shares, representing a decrease of 5.39%. The firm increased its portfolio allocation in FLNG by 18.82% over the last quarter.

Goldman Sachs Group holds 516K shares representing 0.96% ownership of the company. In it's prior filing, the firm reported owning 539K shares, representing a decrease of 4.29%. The firm decreased its portfolio allocation in FLNG by 4.17% over the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 372K shares representing 0.69% ownership of the company.

Flex Lng Background Information
(This description is provided by the company.)

FLEX LNG Ltd. is the owner and commercial operator of liquefied natural gas (LNG) carriers. The Company owns and operates approximately six M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers.