Marshall Wace LLP Decreases Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Marshall Wace LLP decreased its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 818,949 shares of the shipping company's stock after selling 1,082,519 shares during the period. Marshall Wace LLP owned 0.59% of SFL worth $8,370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SFL. Signaturefd LLC lifted its holdings 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 acquiring an additional 2,562 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of SFL by 64.6% in the 4th quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock valued at $33,000 after acquiring an additional 1,278 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after acquiring an additional 950 shares during the last quarter. Sterling Capital Management LLC lifted its stake in SFL by 883.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company's stock worth $33,000 after purchasing an additional 2,942 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in SFL during the 4th quarter valued at $89,000. Institutional investors own 28.59% of the company's stock.

SFL Trading Up 0.1 %

SFL stock traded up $0.01 during mid-day trading on Monday, hitting $8.10. The company's stock had a trading volume of 879,895 shares, compared to its average volume of 1,028,993. The company has a 50 day moving average of $8.22 and a 200-day moving average of $9.72. The stock has a market cap of $1.18 billion, a PE ratio of 8.02 and a beta of 0.57. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. SFL Co. Ltd. has a one year low of $6.78 and a one year high of $14.62.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 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 13.33%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's payout ratio is 106.93%.

Wall Street Analysts Forecast Growth

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

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.