Nuveen LLC bought a new position in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 508,841 shares of the shipping company's stock, valued at approximately $4,172,000. Nuveen LLC owned approximately 0.35% of SFL at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Nuveen Asset Management LLC raised its position in shares of SFL by 27.6% in the fourth quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company's stock worth $9,682,000 after buying an additional 204,884 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of SFL by 45.1% in the first quarter. Victory Capital Management Inc. now owns 653,547 shares of the shipping company's stock worth $5,359,000 after buying an additional 203,236 shares in the last quarter. Northern Trust Corp raised its position in shares of SFL by 17.5% in 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. Sigma Planning Corp raised its position in shares of SFL by 803.8% in the first quarter. Sigma Planning Corp now owns 123,535 shares of the shipping company's stock worth $1,013,000 after buying an additional 109,866 shares in the last quarter. Finally, Collar Capital Management LLC purchased a new stake in shares of SFL in the fourth quarter worth $780,000. Hedge funds and other institutional investors own 28.59% of the company's stock.
SFL Price Performance
Shares of SFL stock traded down $0.09 on Friday, reaching $8.13. The company's stock had a trading volume of 1,143,808 shares, compared to its average volume of 1,749,680. The company has a quick ratio of 0.45, a current ratio of 0.30 and a debt-to-equity ratio of 1.97. SFL Corporation Ltd. has a 12-month low of $6.78 and a 12-month high of $11.93. The company has a market capitalization of $1.18 billion, a P/E ratio of 31.25 and a beta of 0.56. The stock's 50 day simple moving average is $8.87 and its 200-day simple moving average is $8.60.
SFL (NYSE:SFL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The shipping company reported $0.01 earnings per share (EPS) for the quarter. SFL had a return on equity of 6.67% and a net margin of 3.97%.The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $192.40 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year.
SFL Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 9.8%. SFL's payout ratio is 415.38%.
About SFL
(
Free Report)
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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