Squarepoint Ops LLC Decreases Stake in SFL Co. Ltd. (NYSE:SFL)

Squarepoint Ops LLC lowered its position in SFL Co. Ltd. (NYSE:SFL - Free Report) by 61.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock worth $33,000 after purchasing an additional 950 shares during the period. 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. Corebridge Financial Inc. boosted its stake in SFL by 2.0% in the 4th quarter. Corebridge Financial Inc. now owns 64,938 shares of the shipping company's stock worth $664,000 after purchasing an additional 1,262 shares during the period. Blue Trust Inc. boosted its stake in SFL by 64.6% in the 4th quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock worth $33,000 after purchasing an additional 1,278 shares during the period. Finally, Brighton Jones LLC boosted its stake in SFL by 8.2% in the 4th quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock worth $198,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 28.59% of the company's stock.

SFL Price Performance

Shares of SFL stock opened at $8.68 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. SFL Co. Ltd. has a one year low of $6.78 and a one year high of $14.14. The business's 50 day simple moving average is $8.15 and its two-hundred day simple moving average is $9.30. The stock has a market capitalization of $1.26 billion, a P/E ratio of 8.59 and a beta of 0.51.

SFL (NYSE:SFL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.41% and a net margin of 14.45%. 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 previous year, the company posted $0.36 earnings per share. The business's revenue was down 18.5% on a year-over-year basis.

SFL Dividend Announcement

The company also recently declared 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 is Thursday, June 12th. This represents a $1.08 annualized dividend and a dividend yield of 12.45%. SFL's dividend payout ratio is presently 263.41%.

Analyst Ratings Changes

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

SFL 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.

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