Calton & Associates Inc. Makes New $309,000 Investment in SFL Corporation Ltd. (NYSE:SFL)

Calton & Associates Inc. purchased a new position in SFL Corporation Ltd. (NYSE:SFL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,681 shares of the shipping company's stock, valued at approximately $309,000.

A number of other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in SFL by 831.8% in the fourth quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock valued at $29,000 after acquiring an additional 2,562 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of SFL by 883.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company's stock valued at $33,000 after buying an additional 2,942 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SFL by 636.8% during the first quarter. GAMMA Investing LLC now owns 4,723 shares of the shipping company's stock worth $39,000 after buying an additional 4,082 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of SFL by 39.6% in the first quarter. Farther Finance Advisors LLC now owns 5,986 shares of the shipping company's stock valued at $49,000 after purchasing an additional 1,698 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in SFL during the fourth quarter worth about $89,000. 28.59% of the stock is owned by institutional investors.

SFL Stock Performance

Shares of NYSE SFL traded up $0.18 during midday trading on Tuesday, hitting $9.20. 422,288 shares of the company's stock were exchanged, compared to its average volume of 1,127,050. The firm has a market cap of $1.34 billion, a P/E ratio of 22.43 and a beta of 0.51. The stock's 50 day moving average price is $8.73 and its 200-day moving average price is $8.95. SFL Corporation Ltd. has a twelve month low of $6.78 and a twelve month high of $14.05. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.45 and a quick ratio of 0.45.

SFL (NYSE:SFL - Get Free Report) last released its earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. SFL had a return on equity of 8.50% and a net margin of 6.20%. The company had revenue of $186.74 million during the quarter, compared to analyst estimates of $183.82 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The company's revenue for the quarter was down 18.5% on a year-over-year basis.

SFL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 11.75%. The ex-dividend date of this dividend was Thursday, June 12th. SFL's dividend payout ratio (DPR) is currently 263.41%.

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.