International Assets Investment Management LLC Raises Position in SFL Corporation Ltd. (NYSE:SFL)

International Assets Investment Management LLC lifted its position in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) by 42.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,737 shares of the shipping company's stock after buying an additional 31,434 shares during the period. International Assets Investment Management LLC owned approximately 0.07% of SFL worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of SFL by 8.7% during the 4th quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock worth $19,033,000 after buying an additional 149,020 shares during the last quarter. Geode Capital Management LLC increased its holdings in SFL by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock valued at $16,060,000 after purchasing an additional 129,742 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in SFL by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,468,851 shares of the shipping company's stock valued at $15,012,000 after purchasing an additional 35,972 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in SFL by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,043,607 shares of the shipping company's stock valued at $10,666,000 after purchasing an additional 57,934 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in 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 last quarter. Institutional investors and hedge funds own 28.59% of the company's stock.

SFL Trading Down 1.7%

SFL stock traded down $0.14 during trading on Friday, hitting $8.48. The company had a trading volume of 3,278,767 shares, compared to its average volume of 1,109,969. SFL Corporation Ltd. has a 1-year low of $6.78 and a 1-year high of $14.14. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 2.14. The company's 50 day simple moving average is $8.49 and its 200-day simple moving average is $9.07. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 20.68 and a beta of 0.51.

SFL (NYSE:SFL - Get Free Report) last posted its earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. SFL had a net margin of 6.20% and a return on equity of 8.50%. The firm had revenue of $186.74 million during the quarter, compared to the consensus estimate of $183.82 million. During the same quarter last year, the firm earned $0.36 EPS. The firm's revenue for the quarter was down 18.5% on a year-over-year basis.

SFL Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Thursday, June 12th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.08 annualized dividend and a yield of 12.74%. SFL's dividend payout ratio (DPR) is presently 263.41%.

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.