Nuveen Asset Management LLC Has $9.68 Million Position in SFL Co. Ltd. (NYSE:SFL)

Nuveen Asset Management LLC increased its position in SFL Co. Ltd. (NYSE:SFL - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 947,311 shares of the shipping company's stock after buying an additional 204,884 shares during the period. Nuveen Asset Management LLC owned about 0.68% of SFL worth $9,682,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SFL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SFL by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,043,607 shares of the shipping company's stock worth $10,666,000 after acquiring an additional 57,934 shares in the last quarter. Ellevest Inc. increased its holdings in SFL by 2.6% in the 4th quarter. Ellevest Inc. now owns 45,429 shares of the shipping company's stock valued at $464,000 after purchasing an additional 1,146 shares in the last quarter. Ethic Inc. raised its holdings in shares of SFL by 3.8% during the 4th quarter. Ethic Inc. now owns 58,122 shares of the shipping company's stock valued at $594,000 after buying an additional 2,112 shares during the period. Deutsche Bank AG lifted its position in SFL by 63.1% during the 4th quarter. Deutsche Bank AG now owns 97,240 shares of the shipping company's stock worth $994,000 after acquiring an additional 37,622 shares in the last quarter. Finally, Collar Capital Management LLC purchased a new position in SFL in the 4th quarter worth approximately $780,000. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Stock Performance

SFL stock remained flat at $8.60 during trading on Friday. 820,218 shares of the company's stock were exchanged, compared to its average volume of 1,058,904. SFL Co. Ltd. has a 52-week low of $6.78 and a 52-week high of $14.35. The firm has a market capitalization of $1.25 billion, a P/E ratio of 8.51 and a beta of 0.47. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The company has a fifty day moving average of $8.11 and a two-hundred day moving average of $9.33.

SFL (NYSE:SFL - Get Free Report) last released its earnings results on Wednesday, May 14th. The shipping company reported $0.03 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.41% and a net margin of 14.45%. The business's revenue was down 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS.

SFL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 12.56%. The ex-dividend date of this dividend is Thursday, June 12th. SFL's dividend payout ratio (DPR) is 263.41%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of SFL from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th.

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.