Sigma Planning Corp cut its position in SFL Co. Ltd. (NYSE:SFL - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,771 shares of the shipping company's stock after selling 76,832 shares during the period. Sigma Planning Corp's holdings in SFL were worth $663,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of SFL. American Century Companies Inc. increased its position in shares of SFL by 9.3% during the third quarter. American Century Companies Inc. now owns 1,556,099 shares of the shipping company's stock worth $17,351,000 after acquiring an additional 131,903 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of SFL by 1,021.5% during the fourth quarter. International Assets Investment Management LLC now owns 657,672 shares of the shipping company's stock worth $7,419,000 after acquiring an additional 599,029 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SFL by 23.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 498,249 shares of the shipping company's stock worth $5,555,000 after acquiring an additional 95,502 shares in the last quarter. Federated Hermes Inc. increased its position in shares of SFL by 10.4% during the third quarter. Federated Hermes Inc. now owns 27,053 shares of the shipping company's stock worth $302,000 after acquiring an additional 2,547 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of SFL by 64.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,437,802 shares of the shipping company's stock worth $16,218,000 after acquiring an additional 564,675 shares in the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.
SFL Price Performance
Shares of NYSE:SFL traded up $0.11 during midday trading on Thursday, hitting $13.14. The stock had a trading volume of 454,424 shares, compared to its average volume of 718,427. The company's 50-day moving average price is $13.08 and its 200-day moving average price is $12.01. The company has a market capitalization of $1.82 billion, a P/E ratio of 19.90 and a beta of 0.66. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 1.65. SFL Co. Ltd. has a fifty-two week low of $8.43 and a fifty-two week high of $13.74.
SFL (NYSE:SFL - Get Free Report) last issued its earnings results on Wednesday, February 14th. The shipping company reported $0.30 EPS 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 declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from SFL's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 7.92%. SFL's payout ratio is 157.58%.
Analyst Ratings Changes
SFL has been the subject of a number of analyst reports. StockNews.com downgraded shares of SFL from a "buy" rating to a "hold" rating in a research report on Wednesday, March 20th. BTIG Research lifted their price objective on shares of SFL from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.
Check Out Our Latest Research Report on SFL
About SFL
(
Free Report)
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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