MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 57,934 Shares of SFL Co. Ltd. (NYSE:SFL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,043,607 shares of the shipping company's stock after acquiring an additional 57,934 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.75% of SFL worth $10,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of SFL by 831.8% during the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock valued at $29,000 after buying an additional 2,562 shares during the period. Blue Trust Inc. lifted its holdings in shares of SFL by 64.6% during the 4th quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock valued at $33,000 after buying an additional 1,278 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of SFL by 41.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after buying an additional 950 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of SFL by 883.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company's stock valued at $33,000 after buying an additional 2,942 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of SFL during the 4th quarter valued at $89,000. 28.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

SFL Stock Performance

Shares of NYSE SFL traded down $0.38 during midday trading on Thursday, hitting $8.17. 499,078 shares of the stock traded hands, compared to its average volume of 1,046,377. The firm has a 50-day moving average of $8.08 and a two-hundred day moving average of $9.44. The firm has a market capitalization of $1.19 billion, a P/E ratio of 8.09 and a beta of 0.47. 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 $14.42.

SFL (NYSE:SFL - Get Free Report) last announced its earnings results on Wednesday, May 14th. The shipping company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. SFL had a return on equity of 12.41% and a net margin of 14.45%. The company had revenue of $186.74 million for the quarter, compared to analysts' expectations of $183.82 million. During the same period last year, the firm earned $0.36 EPS. SFL's revenue for the quarter was down 18.5% compared to the same quarter last year.

SFL Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.08 dividend on an annualized basis and a yield of 13.23%. SFL's dividend payout ratio is currently 263.41%.

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.