International Assets Investment Management LLC Purchases 31,434 Shares of SFL Corporation Ltd. (NYSE:SFL)

International Assets Investment Management LLC boosted its stake in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) by 42.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 105,737 shares of the shipping company's stock after acquiring an additional 31,434 shares during the period. International Assets Investment Management LLC owned about 0.07% of SFL worth $867,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SFL. Vanguard Group Inc. boosted its stake in SFL by 8.7% during the fourth 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 period. Geode Capital Management LLC raised its holdings in SFL by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock valued at $16,060,000 after acquiring an additional 129,742 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in SFL by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,468,851 shares of the shipping company's stock valued at $15,012,000 after acquiring an additional 35,972 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 valued at $10,666,000 after acquiring an additional 57,934 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in SFL by 27.6% in the fourth quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company's stock valued at $9,682,000 after acquiring an additional 204,884 shares in the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Stock Down 1.7%

NYSE:SFL traded down $0.14 during mid-day trading on Friday, hitting $8.48. The stock had a trading volume of 3,278,767 shares, compared to its average volume of 1,111,843. The stock has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $9.09. The company has a market capitalization of $1.24 billion, a PE ratio of 20.68 and a beta of 0.51. SFL Corporation Ltd. has a twelve month low of $6.78 and a twelve month 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.

SFL (NYSE:SFL - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $183.82 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm's revenue was down 18.5% compared to the same quarter last year.

SFL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 12.74%. The ex-dividend date is Thursday, June 12th. SFL's payout ratio is 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.