MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,574,696 Shares of SFL Corporation Ltd. $SFL

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) by 150.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,618,303 shares of the shipping company's stock after purchasing an additional 1,574,696 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.80% of SFL worth $21,470,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its holdings in SFL by 183.6% during the 1st quarter. Quarry LP now owns 3,706 shares of the shipping company's stock valued at $30,000 after purchasing an additional 2,399 shares during the last quarter. GAMMA Investing LLC lifted its holdings in SFL by 636.8% during the 1st quarter. GAMMA Investing LLC now owns 4,723 shares of the shipping company's stock valued at $39,000 after purchasing an additional 4,082 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in SFL by 39.6% during the 1st 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 last quarter. Bessemer Group Inc. acquired a new stake in SFL during the 1st quarter valued at $76,000. Finally, Paragon Capital Management Inc. acquired a new stake in SFL during the 1st quarter valued at $94,000. Institutional investors and hedge funds own 28.59% of the company's stock.

SFL Stock Performance

SFL stock traded down $0.27 during trading hours on Friday, hitting $8.01. 1,308,620 shares of the stock were exchanged, compared to its average volume of 1,788,046. The company has a current ratio of 0.30, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $1.17 billion, a P/E ratio of 30.82 and a beta of 0.54. The company has a 50-day simple moving average of $8.78 and a two-hundred day simple moving average of $8.50. SFL Corporation Ltd. has a 12 month low of $6.78 and a 12 month high of $11.85.

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

SFL Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.0%. SFL's dividend payout ratio (DPR) is presently 307.69%.

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.