SFL Co. Ltd. (NYSE:SFL) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 26.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 213,970 shares of the shipping company's stock after purchasing an additional 45,062 shares during the period. Barclays PLC owned about 0.15% of SFL worth $2,187,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SFL. Vanguard Group Inc. increased its stake in shares of SFL by 8.7% during the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock worth $19,033,000 after purchasing an additional 149,020 shares in the last quarter. Geode Capital Management LLC raised its holdings in SFL by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock valued at $16,060,000 after buying an additional 129,742 shares during the period. Empowered Funds LLC boosted its position in shares of SFL by 5.1% during the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company's stock worth $7,541,000 after purchasing an additional 35,972 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SFL by 39.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company's stock valued at $6,146,000 after buying an additional 170,044 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in SFL by 2,095.5% during the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company's stock worth $4,602,000 after purchasing an additional 429,800 shares during the period. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded SFL from a "hold" rating to a "sell" rating in a report on Thursday, February 13th.

SFL Price Performance

SFL traded down $0.06 during trading on Wednesday, reaching $8.23. 778,835 shares of the stock were exchanged, compared to its average volume of 1,037,847. SFL Co. Ltd. has a 1 year low of $6.78 and a 1 year high of $14.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The business's 50 day moving average price is $8.09 and its two-hundred day moving average price is $9.59. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 8.15 and a beta of 0.47.

SFL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 13.12%. SFL's dividend payout ratio (DPR) is currently 106.93%.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.