SFL Co. Ltd. (NYSE:SFL - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.90 and last traded at $7.98, with a volume of 273181 shares. The stock had previously closed at $8.24.
Wall Street Analyst Weigh In
Separately, StockNews.com cut SFL from a "hold" rating to a "sell" rating in a report on Thursday, February 13th.
Read Our Latest Stock Report on SFL
SFL Trading Down 3.9 %
The firm's 50-day simple moving average is $9.15 and its 200-day simple moving average is $10.17. The firm has a market capitalization of $1.05 billion, a PE ratio of 7.08 and a beta of 0.57. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91.
SFL Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 15.05%. The ex-dividend date was Wednesday, March 12th. SFL's dividend payout ratio is presently 106.93%.
Hedge Funds Weigh In On SFL
A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of SFL by 636.8% in the first quarter. GAMMA Investing LLC now owns 4,723 shares of the shipping company's stock worth $39,000 after buying an additional 4,082 shares during the period. Novak & Powell Financial Services Inc. grew its holdings in SFL by 5.1% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 41,281 shares of the shipping company's stock worth $422,000 after acquiring an additional 1,996 shares during the last quarter. ProShare Advisors LLC increased its position in shares of SFL by 63.5% in the fourth quarter. ProShare Advisors LLC now owns 36,786 shares of the shipping company's stock valued at $376,000 after acquiring an additional 14,283 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of SFL by 27.6% during the fourth quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company's stock worth $9,682,000 after purchasing an additional 204,884 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SFL by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,043,607 shares of the shipping company's stock worth $10,666,000 after purchasing an additional 57,934 shares during the last quarter. 28.59% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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