Dark Forest Capital Management LP Takes $649,000 Position in SFL Co. Ltd. (NYSE:SFL)

Dark Forest Capital Management LP bought a new position in SFL Co. Ltd. (NYSE:SFL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,533 shares of the shipping company's stock, valued at approximately $649,000.

A number of other large investors have also made changes to their positions in SFL. Victory Capital Management Inc. grew its stake in shares of SFL by 2,095.5% during the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company's stock valued at $4,602,000 after acquiring an additional 429,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SFL by 39.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company's stock valued at $6,146,000 after acquiring an additional 170,044 shares during the period. Vanguard Group Inc. grew its stake in shares of SFL by 8.7% during the 4th 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 during the period. Jackson Creek Investment Advisors LLC bought a new position in shares of SFL during the 4th quarter valued at approximately $1,342,000. Finally, Geode Capital Management LLC grew its stake 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 valued at $16,060,000 after acquiring an additional 129,742 shares during the period. 28.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

SFL Trading Down 0.7 %

NYSE:SFL traded down $0.06 during midday trading on Thursday, hitting $8.16. 269,085 shares of the company traded hands, compared to its average volume of 1,028,133. The firm's fifty day moving average is $8.18 and its 200-day moving average is $9.70. The firm has a market capitalization of $1.19 billion, a P/E ratio of 8.09 and a beta of 0.57. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. SFL Co. Ltd. has a 12-month low of $6.78 and a 12-month high of $14.62.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 13.23%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's dividend payout ratio (DPR) is presently 106.93%.

SFL 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.