SFL's (SFL) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• SFL's stock maintains a "hold (C-)" rating, as reaffirmed by Weiss Ratings, indicating a neutral outlook for investors.
• Recent quarterly earnings showed a modest revenue increase to $192.59 million with an earnings per share (EPS) of $0.01, falling short of the previous year's EPS of $0.16.
• Institutional investors hold 28.59% of SFL's stock, with several firms increasing their stakes in the company during the recent quarters.

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

SFL Trading Down 1.1%

SFL stock opened at $7.06 on Friday. The stock has a 50-day moving average of $7.74 and a two-hundred day moving average of $8.32. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.30 and a current ratio of 0.30. SFL has a one year low of $6.73 and a one year high of $11.18. The stock has a market cap of $1.03 billion, a PE ratio of 27.13 and a beta of 0.49.

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

Institutional Investors Weigh In On SFL

Several large investors have recently bought and sold shares of SFL. Brighton Jones LLC increased its holdings in SFL by 8.2% during the 4th 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. Bessemer Group Inc. purchased a new stake in SFL during the 1st quarter worth about $76,000. DAVENPORT & Co LLC increased its holdings in SFL by 16.2% during the 1st quarter. DAVENPORT & Co LLC now owns 12,556 shares of the shipping company's stock worth $103,000 after purchasing an additional 1,750 shares during the period. Bank of New York Mellon Corp increased its holdings in SFL by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,878 shares of the shipping company's stock worth $10,782,000 after purchasing an additional 69,667 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in SFL by 28.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,499 shares of the shipping company's stock worth $611,000 after purchasing an additional 16,600 shares during the period. Hedge funds and other institutional investors own 28.59% of the company's stock.

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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