Charles Schwab Investment Management Inc. Sells 125,312 Shares of SFL Co. Ltd. (NYSE:SFL)

Charles Schwab Investment Management Inc. cut its stake in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,143 shares of the shipping company's stock after selling 125,312 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.46% of SFL worth $6,461,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Barclays PLC boosted its position in shares of SFL by 239.3% in the third quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock worth $1,954,000 after buying an additional 119,131 shares during the period. Geode Capital Management LLC boosted its position in SFL by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company's stock worth $16,680,000 after acquiring an additional 66,096 shares during the period. SBI Securities Co. Ltd. purchased a new position in SFL during the 4th quarter valued at about $809,000. Wealthstar Advisors LLC purchased a new position in SFL during the 4th quarter valued at about $569,000. Finally, Empowered Funds LLC increased its holdings 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 purchasing an additional 35,972 shares during the period. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Stock Performance

Shares of NYSE:SFL traded down $0.07 during trading on Tuesday, reaching $8.15. The stock had a trading volume of 1,862,734 shares, compared to its average volume of 915,686. The stock has a fifty day simple moving average of $9.70 and a two-hundred day simple moving average of $10.39. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. SFL Co. Ltd. has a 52 week low of $8.06 and a 52 week high of $14.62. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.07 and a beta of 0.67.

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SFL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 13.25%. SFL's payout ratio is 106.93%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.