Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,356 shares of the shipping company's stock after acquiring an additional 170,044 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.43% of SFL worth $6,146,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of SFL by 2.5% during the 3rd quarter. State Street Corp now owns 2,074,341 shares of the shipping company's stock worth $24,000,000 after acquiring an additional 51,022 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. Empowered Funds LLC raised its stake in shares of SFL by 5.1% during the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company's stock worth $7,541,000 after acquiring an additional 35,972 shares in the last quarter. Victory Capital Management Inc. grew its position in SFL by 2,095.5% during the 4th 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 during the last quarter. Finally, PDT Partners LLC grew its position in SFL by 25.3% during the 3rd quarter. PDT Partners LLC now owns 260,858 shares of the shipping company's stock worth $3,018,000 after purchasing an additional 52,644 shares during the last quarter. Institutional investors own 28.59% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have weighed in on SFL shares. Fearnley Fonds raised shares of SFL from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. StockNews.com downgraded shares of SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.

SFL Stock Performance

NYSE:SFL traded up $0.17 during trading hours on Wednesday, hitting $8.55. 1,128,700 shares of the company were exchanged, compared to its average volume of 1,205,363. The company's 50 day moving average price is $9.89 and its 200-day moving average price is $10.48. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.46 and a beta of 0.67. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. SFL Co. Ltd. has a 52-week low of $8.06 and a 52-week high of $14.62.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 12.64%. The ex-dividend date of this dividend is Wednesday, March 12th. SFL's dividend payout ratio (DPR) is currently 106.93%.

SFL Company 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.