SFL (NYSE:SFL) Given Hold (C-) Rating at Weiss Ratings

Key Points

• SFL has received a "hold (C-)" rating from Weiss Ratings, indicating a neutral stance on the stock's performance.
• During trading, SFL's stock fell by 1.9%, closing at $7.24, with a market capitalization of $1.05 billion.
• Institutional investors have shown significant interest, with several firms increasing their stakes by over 600% in recent quarters, demonstrating growing confidence in the company.

SFL (NYSE:SFL - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

SFL Trading Down 1.9%

Shares of SFL stock traded down $0.14 during trading hours on Wednesday, hitting $7.24. 1,711,230 shares of the company were exchanged, compared to its average volume of 1,275,151. The firm has a market cap of $1.05 billion, a P/E ratio of 27.85 and a beta of 0.49. SFL has a fifty-two week low of $6.78 and a fifty-two week high of $11.62. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50 day simple moving average of $8.26 and a two-hundred day simple moving average of $8.39.

SFL (NYSE:SFL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The shipping company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $192.40 million. SFL had a net margin of 3.97% and a return on equity of 6.67%. SFL's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS.

Institutional Investors Weigh In On SFL

Several hedge funds and other institutional investors have recently modified their holdings of SFL. Signaturefd LLC increased its position in shares of SFL by 65.3% during the second quarter. Signaturefd LLC now owns 3,392 shares of the shipping company's stock valued at $28,000 after buying an additional 1,340 shares during the period. EverSource Wealth Advisors LLC grew its position in SFL by 789.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the shipping company's stock valued at $28,000 after acquiring an additional 2,944 shares during the last quarter. Quarry LP grew its position in SFL by 183.6% during the first quarter. Quarry LP now owns 3,706 shares of the shipping company's stock valued at $30,000 after acquiring an additional 2,399 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of SFL by 636.8% during the first quarter. GAMMA Investing LLC now owns 4,723 shares of the shipping company's stock valued at $39,000 after purchasing an additional 4,082 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of SFL by 39.6% during the first quarter. Farther Finance Advisors LLC now owns 5,986 shares of the shipping company's stock valued at $49,000 after purchasing an additional 1,698 shares during the period. 28.59% of the stock is currently owned by institutional investors.

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.

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