SFL Co. Ltd. (NYSE:SFL) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 1,021.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 657,672 shares of the shipping company's stock after acquiring an additional 599,029 shares during the period. International Assets Investment Management LLC owned about 0.47% of SFL worth $7,419,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of SFL by 9.3% in the third quarter. American Century Companies Inc. now owns 1,556,099 shares of the shipping company's stock valued at $17,351,000 after purchasing an additional 131,903 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SFL by 23.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 498,249 shares of the shipping company's stock valued at $5,555,000 after purchasing an additional 95,502 shares during the period. Federated Hermes Inc. grew its holdings in shares of SFL by 10.4% in the third quarter. Federated Hermes Inc. now owns 27,053 shares of the shipping company's stock valued at $302,000 after purchasing an additional 2,547 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of SFL by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 28,213 shares of the shipping company's stock valued at $315,000 after purchasing an additional 1,918 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of SFL by 39.4% in the third quarter. Principal Financial Group Inc. now owns 17,047 shares of the shipping company's stock valued at $190,000 after purchasing an additional 4,814 shares during the period. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SFL shares. StockNews.com lowered shares of SFL from a "buy" rating to a "hold" rating in a report on Wednesday, March 20th. BTIG Research upped their price objective on shares of SFL from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.00.

SFL Trading Up 0.5 %

SFL stock traded up $0.06 during mid-day trading on Monday, hitting $12.65. 398,540 shares of the company were exchanged, compared to its average volume of 743,862. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $1.75 billion, a P/E ratio of 19.16 and a beta of 0.66. The business has a fifty day simple moving average of $12.97 and a 200-day simple moving average of $11.93. SFL Co. Ltd. has a 12-month low of $8.43 and a 12-month high of $13.74.

SFL (NYSE:SFL - Get Free Report) last announced its earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The company had revenue of $209.57 million during the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 8.22%. The ex-dividend date was Thursday, March 14th. This is a positive change from SFL's previous quarterly dividend of $0.25. SFL's dividend payout ratio (DPR) is 157.58%.

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.