SFL Corporation Ltd. (NYSE:SFL - Get Free Report) shares 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 traded.
SFL Trading Down 1.6%
The firm has a market cap of $1.33 billion, a P/E ratio of 22.33 and a beta of 0.56. The company's fifty day moving average price is $8.92 and its two-hundred day moving average price is $8.84. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 2.14.
SFL (NYSE:SFL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. SFL had a net margin of 6.20% and a return on equity of 8.50%. The business had revenue of $186.74 million for the quarter, compared to the consensus estimate of $183.82 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm's quarterly revenue was down 18.5% on a year-over-year basis.
SFL Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Thursday, June 12th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.08 annualized dividend and a dividend yield of 11.8%. SFL's payout ratio is presently 263.41%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in SFL by 8.2% in the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock worth $198,000 after purchasing an additional 1,474 shares during the period. Vanguard Group Inc. grew its position in SFL by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock valued at $19,033,000 after purchasing an additional 149,020 shares in the last quarter. Franklin Resources Inc. increased its position in shares of SFL by 20.1% in the fourth quarter. Franklin Resources Inc. now owns 17,616 shares of the shipping company's stock valued at $180,000 after acquiring an additional 2,943 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SFL by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock worth $16,060,000 after purchasing an additional 129,742 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in SFL by 16.3% during the fourth quarter. Wells Fargo & Company MN now owns 210,778 shares of the shipping company's stock worth $2,154,000 after acquiring an additional 29,496 shares in 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.
See Also
Before you consider SFL, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SFL wasn't on the list.
While SFL currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
