Squarepoint Ops LLC Has $346,000 Position in SFL Co. Ltd. (NYSE:SFL)

Squarepoint Ops LLC decreased its stake in SFL Co. Ltd. (NYSE:SFL - Free Report) by 61.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,830 shares of the shipping company's stock after selling 54,667 shares during the quarter. Squarepoint Ops LLC's holdings in SFL were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in SFL by 63.5% during the fourth quarter. ProShare Advisors LLC now owns 36,786 shares of the shipping company's stock valued at $376,000 after buying an additional 14,283 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of SFL by 27.6% during 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 acquiring an additional 57,934 shares in the last quarter. Ellevest Inc. boosted its stake in SFL by 2.6% in the 4th quarter. Ellevest Inc. now owns 45,429 shares of the shipping company's stock worth $464,000 after purchasing an additional 1,146 shares during the period. Finally, Ethic Inc. raised its stake in SFL by 3.8% during the 4th quarter. Ethic Inc. now owns 58,122 shares of the shipping company's stock valued at $594,000 after purchasing an additional 2,112 shares during the period. Hedge funds and other institutional investors own 28.59% of the company's stock.

SFL Stock Up 0.1%

Shares of SFL stock traded up $0.01 during trading on Monday, hitting $8.71. 969,335 shares of the company were exchanged, compared to its average volume of 1,063,486. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.62 and a beta of 0.51. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. The business's 50-day simple moving average is $8.16 and its 200 day simple moving average is $9.26. SFL Co. Ltd. has a twelve month low of $6.78 and a twelve month high of $14.14.

SFL (NYSE:SFL - Get Free Report) last posted its quarterly 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 net margin of 14.45% and a return on equity of 12.41%. The business had revenue of $186.74 million for the quarter, compared to the consensus estimate of $183.82 million. During the same period in the prior year, the business posted $0.36 earnings per share. SFL's revenue for the quarter was down 18.5% compared to the same quarter last year.

SFL Announces Dividend

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 given 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 dividend yield of 12.40%. SFL's dividend payout ratio is presently 263.41%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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.