Dynamic Technology Lab Private Ltd Takes Position in SFL Corporation Ltd. $SFL

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in SFL Corporation Ltd, purchasing 53,688 shares valued at approximately $440,000.
• SFL Corporation recently reported a quarterly earnings of $0.01 EPS, with revenue of $192.59 million, exceeding analysts' expectations, and a dividend cut resulting in a yield of 9.6%.
• The company's debt-to-equity ratio stands at 1.97, with shares currently trading at $8.31, showing a 52-week range between $6.78 and $11.85.

Dynamic Technology Lab Private Ltd bought a new stake in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 53,688 shares of the shipping company's stock, valued at approximately $440,000.

Several other large investors also recently modified their holdings of SFL. Quarry LP grew its stake in shares of SFL by 183.6% during the first quarter. Quarry LP now owns 3,706 shares of the shipping company's stock valued at $30,000 after acquiring an additional 2,399 shares in the last quarter. GAMMA Investing LLC lifted its position 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 purchasing an additional 4,082 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SFL by 39.6% during the first quarter. Farther Finance Advisors LLC now owns 5,986 shares of the shipping company's stock worth $49,000 after purchasing an additional 1,698 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of SFL during the first quarter worth about $76,000. Finally, Paragon Capital Management Inc. bought a new position in shares of SFL during the first quarter worth about $94,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Stock Performance

Shares of SFL stock opened at $8.31 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.45 and a current ratio of 0.30. SFL Corporation Ltd. has a one year low of $6.78 and a one year high of $11.85. The company's 50-day simple moving average is $8.80 and its 200-day simple moving average is $8.51. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 31.96 and a beta of 0.54.

SFL (NYSE:SFL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The shipping company reported $0.01 EPS for the quarter. SFL had a net margin of 3.97% and a return on equity of 6.67%. The business had revenue of $192.59 million for the quarter, compared to analysts' expectations of $192.40 million. During the same quarter last year, the company posted $0.16 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year.

SFL Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a yield of 9.6%. SFL's dividend payout ratio (DPR) is currently 415.38%.

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.

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