Voya Investment Management LLC Lowers Stock Position in SFL Co. Ltd. (NYSE:SFL)

Voya Investment Management LLC reduced its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,983 shares of the shipping company's stock after selling 172,883 shares during the period. Voya Investment Management LLC owned about 0.18% of SFL worth $2,524,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of SFL by 8.7% during the 4th quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock worth $19,033,000 after purchasing an additional 149,020 shares in the last quarter. Geode Capital Management LLC increased its position in 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 in the last quarter. Empowered Funds LLC grew its position in shares of SFL by 5.1% in the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company's stock valued at $7,541,000 after buying an additional 35,972 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SFL by 39.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company's stock valued at $6,146,000 after buying an additional 170,044 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in SFL by 2,095.5% during the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company's stock worth $4,602,000 after buying an additional 429,800 shares in the last quarter. Institutional investors own 28.59% of the company's stock.

SFL Stock Performance

Shares of SFL stock traded up $0.06 during mid-day trading on Thursday, hitting $8.30. The stock had a trading volume of 194,011 shares, compared to its average volume of 1,034,553. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The firm has a market cap of $1.21 billion, a PE ratio of 8.22 and a beta of 0.47. SFL Co. Ltd. has a fifty-two week low of $6.78 and a fifty-two week high of $14.62. The company's 50-day simple moving average is $8.09 and its 200-day simple moving average is $9.59.

SFL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's payout ratio is 106.93%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.

SFL 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.