MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in SFL Corporation Ltd. $SFL

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) by 150.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,618,303 shares of the shipping company's stock after acquiring an additional 1,574,696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.80% of SFL worth $21,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in SFL by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,314,878 shares of the shipping company's stock worth $10,782,000 after purchasing an additional 69,667 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of SFL by 27.6% in the 4th quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company's stock valued at $9,682,000 after purchasing an additional 204,884 shares during the period. Northern Trust Corp boosted its holdings in SFL by 17.5% during the fourth quarter. Northern Trust Corp now owns 910,484 shares of the shipping company's stock worth $9,305,000 after buying an additional 135,768 shares in the last quarter. Victory Capital Management Inc. grew its position in SFL by 45.1% during the first quarter. Victory Capital Management Inc. now owns 653,547 shares of the shipping company's stock valued at $5,359,000 after buying an additional 203,236 shares during the period. Finally, Nuveen LLC purchased a new position in SFL in the first quarter valued at $4,172,000. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Price Performance

Shares of SFL stock traded up $0.03 during trading hours on Wednesday, reaching $8.22. The stock had a trading volume of 958,351 shares, compared to its average volume of 1,756,044. SFL Corporation Ltd. has a twelve month low of $6.78 and a twelve month high of $11.85. 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 $1.20 billion, a PE ratio of 31.60 and a beta of 0.54. The stock's 50 day moving average is $8.81 and its 200 day moving average is $8.52.

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

SFL Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.7%. SFL's dividend payout ratio (DPR) is 415.38%.

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.