Sigma Planning Corp Grows Stock Holdings in SFL Corporation Ltd. (NYSE:SFL)

Sigma Planning Corp lifted its position in shares of SFL Corporation Ltd. (NYSE:SFL - Free Report) by 803.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 123,535 shares of the shipping company's stock after buying an additional 109,866 shares during the period. Sigma Planning Corp owned 0.08% of SFL worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in SFL by 8.2% in the 4th quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock valued at $198,000 after purchasing an additional 1,474 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of SFL by 41.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock worth $33,000 after buying an additional 950 shares during the last quarter. Raymond James Financial Inc. bought a new position in SFL during the fourth quarter worth $414,000. Cibc World Markets Corp bought a new stake in SFL in the 4th quarter valued at $125,000. Finally, Signaturefd LLC boosted its stake in shares of SFL by 831.8% in the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock valued at $29,000 after purchasing an additional 2,562 shares in the last quarter. Institutional investors and hedge funds own 28.59% of the company's stock.

SFL Stock Performance

SFL stock opened at $9.26 on Friday. The company's 50-day moving average is $8.71 and its two-hundred day moving average is $8.98. SFL Corporation Ltd. has a 1 year low of $6.78 and a 1 year high of $14.05. 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 has a market cap of $1.35 billion, a PE ratio of 22.57 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, topping analysts' consensus estimates of ($0.01) by $0.04. SFL had a return on equity of 8.50% and a net margin of 6.20%. The company 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 earnings per share. The company's revenue was down 18.5% on a year-over-year basis.

SFL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Thursday, June 12th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date of this dividend was 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.

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