SFL (NYSE:SFL) Share Price Crosses Above 200 Day Moving Average - What's Next?

SFL Corporation Ltd. (NYSE:SFL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.84 and traded as high as $9.23. SFL shares last traded at $9.21, with a volume of 765,018 shares.

SFL Price Performance

The company has a fifty day simple moving average of $8.87 and a 200-day simple moving average of $8.84. The company has a market cap of $1.34 billion, a P/E ratio of 22.45 and a beta of 0.56. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.45 and a quick ratio of 0.45.

SFL (NYSE:SFL - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $186.74 million during the quarter, compared to analyst estimates of $183.82 million. SFL had a return on equity of 8.50% and a net margin of 6.20%. SFL's revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Thursday, June 12th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 11.7%. The ex-dividend date was Thursday, June 12th. SFL's dividend payout ratio is 263.41%.

Institutional Trading of SFL

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings 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 in the last quarter. Quarry LP grew its stake in SFL by 183.6% during the 1st 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 in the last quarter. Sterling Capital Management LLC grew its stake in 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 acquiring an additional 2,942 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of SFL by 636.8% in the 1st 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 holdings 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 worth $49,000 after purchasing an additional 1,698 shares during the period. 28.59% of the stock is owned by institutional investors and hedge funds.

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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