Renaissance Technologies LLC cut its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105,465 shares of the shipping company's stock after selling 100,200 shares during the period. Renaissance Technologies LLC owned about 0.80% of SFL worth $11,298,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in SFL by 5.4% in the third quarter. FMR LLC now owns 54,392 shares of the shipping company's stock valued at $629,000 after purchasing an additional 2,770 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of SFL in the 3rd quarter valued at $142,000. Verition Fund Management LLC acquired a new stake in SFL during the 3rd quarter worth $141,000. State Street Corp boosted its stake in SFL by 2.5% in the third quarter. State Street Corp now owns 2,074,341 shares of the shipping company's stock valued at $24,000,000 after acquiring an additional 51,022 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of SFL during the third quarter worth about $296,000. 28.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.
View Our Latest Analysis on SFL
SFL Stock Performance
Shares of SFL stock traded down $0.07 during trading hours on Monday, hitting $7.73. 107,413 shares of the company were exchanged, compared to its average volume of 1,011,722. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.66 and a beta of 0.57. The business has a 50-day moving average of $8.44 and a 200-day moving average of $9.87. SFL Co. Ltd. has a 1 year low of $6.78 and a 1 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 paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.98%. SFL's dividend payout ratio (DPR) is 106.93%.
SFL Profile
(
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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