Vanguard Group Inc. lifted its position in SFL Co. Ltd. (NYSE:SFL - Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,862,370 shares of the shipping company's stock after purchasing an additional 149,020 shares during the quarter. Vanguard Group Inc. owned about 1.34% of SFL worth $19,033,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of SFL. Signaturefd LLC raised its position in shares of SFL by 831.8% during the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock valued at $29,000 after buying an additional 2,562 shares during the period. Blue Trust Inc. raised its position in SFL by 64.6% in the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock valued at $33,000 after purchasing an additional 1,278 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after purchasing an additional 950 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of SFL during the 3rd quarter worth $34,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of SFL during the 4th quarter worth about $119,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.
SFL Trading Down 0.9 %
Shares of NYSE SFL traded down $0.07 during trading on Tuesday, reaching $7.72. The stock had a trading volume of 729,759 shares, compared to its average volume of 1,016,928. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. The company has a market cap of $1.13 billion, a P/E ratio of 7.65 and a beta of 0.57. SFL Co. Ltd. has a fifty-two week low of $6.78 and a fifty-two week high of $14.62. The business's 50-day moving average price is $8.34 and its 200-day moving average price is $9.83.
SFL Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.98%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's dividend payout ratio (DPR) is currently 106.93%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of SFL from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th.
Get Our Latest Research Report on SFL
About SFL
(
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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