Charles Schwab Investment Management Inc. Has $6.46 Million Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Charles Schwab Investment Management Inc. lowered its position in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 632,143 shares of the shipping company's stock after selling 125,312 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.46% of SFL worth $6,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in SFL by 41.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock worth $33,000 after purchasing an additional 950 shares during the last quarter. Blue Trust Inc. grew its holdings in SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock worth $33,000 after acquiring an additional 1,278 shares during the period. The Manufacturers Life Insurance Company raised its position in SFL by 3.3% in the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company's stock worth $515,000 after acquiring an additional 1,418 shares in the last quarter. Brighton Jones LLC lifted its holdings in SFL by 8.2% in the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock valued at $198,000 after acquiring an additional 1,474 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of SFL by 2.4% during the 3rd quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company's stock worth $761,000 after purchasing an additional 1,515 shares in the last quarter. Hedge funds and other institutional investors own 28.59% of the company's stock.

SFL Price Performance

Shares of NYSE:SFL traded up $0.01 during trading on Friday, reaching $8.17. The company had a trading volume of 1,103,248 shares, compared to its average volume of 954,330. The firm's fifty day moving average is $9.53 and its 200 day moving average is $10.34. 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 firm has a market capitalization of $1.19 billion, a PE ratio of 8.08 and a beta of 0.67. SFL Co. Ltd. has a twelve month low of $8.06 and a twelve month high of $14.62.

SFL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 13.23%. SFL's dividend payout ratio (DPR) is 106.93%.

Wall Street Analysts Forecast Growth

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

About SFL

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.