37,681 Shares in SFL Corporation Ltd. (NYSE:SFL) Acquired by Calton & Associates Inc.

Calton & Associates Inc. bought a new stake in SFL Corporation Ltd. (NYSE:SFL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 37,681 shares of the shipping company's stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of SFL by 8.2% during the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock valued at $198,000 after acquiring an additional 1,474 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SFL during the fourth quarter worth about $414,000. Cibc World Markets Corp purchased a new position in SFL during the fourth quarter worth about $125,000. Signaturefd LLC boosted its holdings in SFL by 831.8% during the fourth quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock worth $29,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in SFL in the fourth quarter valued at about $384,000. 28.59% of the stock is owned by institutional investors.

SFL Price Performance

SFL stock traded up $0.23 during midday trading on Wednesday, reaching $9.45. 527,338 shares of the stock were exchanged, compared to its average volume of 1,127,995. The company's fifty day moving average is $8.74 and its 200-day moving average is $8.94. The firm has a market cap of $1.38 billion, a PE ratio of 23.04 and a beta of 0.51. SFL Corporation Ltd. has a 52 week low of $6.78 and a 52 week high of $14.05. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.45 and a current ratio of 0.45.

SFL (NYSE:SFL - Get Free Report) last issued its quarterly 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. The company had revenue of $186.74 million during the quarter, compared to analysts' expectations of $183.82 million. SFL had a net margin of 6.20% and a return on equity of 8.50%. SFL's revenue was down 18.5% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS.

SFL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Thursday, June 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.43%. The ex-dividend date was Thursday, June 12th. SFL's payout ratio is presently 263.41%.

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.