Deutsche Bank AG Raises Stake in SFL Co. Ltd. (NYSE:SFL)

Deutsche Bank AG increased its stake in SFL Co. Ltd. (NYSE:SFL - Free Report) by 63.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,240 shares of the shipping company's stock after purchasing an additional 37,622 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of SFL worth $994,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SFL. Jones Financial Companies Lllp grew its position in shares of SFL by 41.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after purchasing an additional 950 shares in the last quarter. Corebridge Financial Inc. raised its stake in shares of SFL by 2.0% during the fourth quarter. Corebridge Financial Inc. now owns 64,938 shares of the shipping company's stock valued at $664,000 after acquiring an additional 1,262 shares in the last quarter. Blue Trust Inc. raised its stake in shares of SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock valued at $33,000 after acquiring an additional 1,278 shares in the last quarter. Brighton Jones LLC increased its holdings in SFL by 8.2% during the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock valued at $198,000 after buying an additional 1,474 shares during the period. Finally, Rhumbline Advisers increased its holdings in SFL by 0.7% during the fourth quarter. Rhumbline Advisers now owns 215,235 shares of the shipping company's stock valued at $2,200,000 after buying an additional 1,596 shares during the period. Hedge funds and other institutional investors own 28.59% of the company's stock.

SFL Stock Performance

Shares of SFL remained flat at $8.60 during mid-day trading on Friday. 820,218 shares of the company traded hands, 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 company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The firm's fifty day simple moving average is $8.11 and its 200 day simple moving average is $9.34. The stock has a market cap of $1.25 billion, a PE ratio of 8.51 and a beta of 0.47.

SFL (NYSE:SFL - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. SFL had a net margin of 14.45% and a return on equity of 12.41%. The firm had revenue of $186.74 million during the quarter, compared to the consensus estimate of $183.82 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company's revenue for the quarter was down 18.5% on a year-over-year basis.

SFL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.08 annualized dividend and a yield of 12.56%. SFL's dividend payout ratio is presently 263.41%.

Analysts Set New Price Targets

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

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.