Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 84,500 SFL Co. Ltd. (NYSE:SFL)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 84,500 shares of the shipping company's stock, valued at approximately $978,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of SFL at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of SFL by 1,375.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company's stock valued at $50,000 after purchasing an additional 4,002 shares in the last quarter. Kohmann Bosshard Financial Services LLC raised its holdings in SFL by 25.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company's stock worth $145,000 after purchasing an additional 2,500 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of SFL in the 2nd quarter valued at about $197,000. GSA Capital Partners LLP bought a new position in shares of SFL during the 3rd quarter worth approximately $168,000. Finally, nVerses Capital LLC raised its stake in shares of SFL by 2,840.0% during the 3rd quarter. nVerses Capital LLC now owns 14,700 shares of the shipping company's stock worth $170,000 after acquiring an additional 14,200 shares in the last quarter. 28.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SFL has been the topic of several recent analyst reports. Fearnley Fonds raised SFL from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. Pareto Securities raised shares of SFL from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th.

SFL Price Performance

SFL stock traded up $0.24 during midday trading on Tuesday, reaching $10.69. The company had a trading volume of 705,816 shares, compared to its average volume of 842,617. The firm's fifty day simple moving average is $10.97 and its 200-day simple moving average is $12.05. SFL Co. Ltd. has a 12-month low of $10.01 and a 12-month high of $14.62. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $1.48 billion, a P/E ratio of 9.63 and a beta of 0.67.

SFL (NYSE:SFL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.98 million. SFL had a return on equity of 14.61% and a net margin of 16.03%. SFL's revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS.

SFL Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date of this dividend is Friday, December 13th. SFL's dividend payout ratio (DPR) is 97.30%.

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.