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

Bridgeway Capital Management LLC increased its stake in SFL Co. Ltd. (NYSE:SFL - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,468,851 shares of the shipping company's stock after acquiring an additional 35,972 shares during the period. Bridgeway Capital Management LLC owned approximately 1.06% of SFL worth $15,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its position in shares of SFL by 239.3% during the third quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock worth $1,954,000 after purchasing an additional 119,131 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of SFL in the 4th quarter valued at about $809,000. Victory Capital Management Inc. increased its holdings in shares of SFL by 2,095.5% in the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company's stock valued at $4,602,000 after purchasing an additional 429,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in SFL by 8.7% in the 4th quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock valued at $19,033,000 after purchasing an additional 149,020 shares during the period. Finally, Wealthstar Advisors LLC acquired a new stake in shares of SFL in the fourth quarter valued at approximately $569,000. Institutional investors and hedge funds own 28.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

SFL Price Performance

Shares of SFL stock traded up $0.03 during trading on Friday, hitting $8.31. 808,244 shares of the stock traded hands, compared to its average volume of 1,041,329. 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 firm's fifty day moving average is $8.07 and its 200-day moving average is $9.54. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.23 and a beta of 0.47. SFL Co. Ltd. has a 52 week low of $6.78 and a 52 week high of $14.62.

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 13.00%. SFL's payout ratio is presently 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.