SFL (NYSE:SFL - Get Free Report) issued its earnings results on Tuesday. The shipping company reported $0.01 EPS for the quarter, Briefing.com reports. SFL had a return on equity of 8.50% and a net margin of 6.20%. The business's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share.
SFL Price Performance
Shares of NYSE:SFL opened at $9.12 on Tuesday. The company's fifty day moving average is $8.99 and its two-hundred day moving average is $8.74. SFL has a 12-month low of $6.78 and a 12-month high of $11.93. The company has a market cap of $1.33 billion, a P/E ratio of 22.24 and a beta of 0.56. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.14.
SFL Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, September 12th. SFL's dividend payout ratio (DPR) is 263.41%.
Institutional Investors Weigh In On SFL
Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of SFL by 789.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the shipping company's stock worth $28,000 after acquiring an additional 2,944 shares in the last quarter. Captrust Financial Advisors bought a new stake in SFL during the 2nd quarter worth about $134,000. Cetera Investment Advisers boosted its stake in SFL by 10.4% in the second quarter. Cetera Investment Advisers now owns 16,034 shares of the shipping company's stock valued at $134,000 after acquiring an additional 1,510 shares during the last quarter. Prudential Financial Inc. acquired a new stake in SFL during the 2nd quarter worth $139,000. Finally, Tower Research Capital LLC TRC raised its position in shares of SFL by 324.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,338 shares of the shipping company's stock valued at $144,000 after acquiring an additional 13,249 shares during the last quarter. Institutional investors and hedge funds own 28.59% of the company's stock.
SFL Company Profile
(
Get 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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