SFL Co. Ltd. (NYSE:SFL) Holdings Lowered by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its holdings in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 242,209 shares of the shipping company's stock after selling 66,961 shares during the period. Arrowstreet Capital Limited Partnership owned 0.17% of SFL worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in SFL by 239.3% during the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock valued at $1,954,000 after buying an additional 119,131 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SFL by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company's stock valued at $16,680,000 after acquiring an additional 66,096 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of SFL during the fourth quarter valued at approximately $809,000. Victory Capital Management Inc. raised 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 purchasing an additional 429,800 shares in the last quarter. Finally, Wealthstar Advisors LLC acquired a new stake in SFL in the fourth quarter worth approximately $569,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

SFL Price Performance

NYSE SFL traded down $0.08 on Tuesday, reaching $7.53. The company's stock had a trading volume of 138,605 shares, compared to its average volume of 1,285,541. The firm's 50 day moving average is $8.70 and its two-hundred day moving average is $9.98. The stock has a market cap of $1.10 billion, a PE ratio of 7.46 and a beta of 0.57. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. SFL Co. Ltd. has a twelve month low of $6.78 and a twelve month high of $14.62.

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 14.35%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's payout ratio is 106.93%.

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.