Bridgeway Capital Management LLC Boosts Stock Position in SFL Co. Ltd. (NYSE:SFL)

Bridgeway Capital Management LLC raised its holdings in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,468,851 shares of the shipping company's stock after purchasing an additional 35,972 shares during the period. Bridgeway Capital Management LLC owned 1.06% of SFL worth $15,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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 valued at $19,033,000 after acquiring an additional 149,020 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SFL by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock worth $16,060,000 after acquiring an additional 129,742 shares during the period. Northern Trust Corp raised its position in shares of SFL by 17.5% in the 4th quarter. Northern Trust Corp now owns 910,484 shares of the shipping company's stock worth $9,305,000 after acquiring an additional 135,768 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of SFL by 5.1% in the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company's stock valued at $7,541,000 after purchasing an additional 35,972 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SFL by 39.4% during 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 purchasing an additional 170,044 shares in the last quarter. Hedge funds and other institutional investors own 28.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

SFL Stock Performance

Shares of SFL opened at $8.33 on Tuesday. SFL Co. Ltd. has a 52 week low of $6.78 and a 52 week high of $14.62. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.21 billion, a P/E ratio of 8.24 and a beta of 0.47. The business's 50 day moving average price is $8.12 and its 200-day moving average price is $9.61.

SFL Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 12.97%. SFL's payout ratio is presently 106.93%.

About SFL

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.

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