Dark Forest Capital Management LP acquired a new stake in SFL Co. Ltd. (NYSE:SFL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,533 shares of the shipping company's stock, valued at approximately $649,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in shares of SFL by 831.8% in the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock worth $29,000 after purchasing an additional 2,562 shares during the period. Blue Trust Inc. lifted 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 buying an additional 1,278 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after acquiring an additional 950 shares during the period. Sterling Capital Management LLC raised its position in shares of SFL by 883.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company's stock worth $33,000 after acquiring an additional 2,942 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of SFL during the 4th quarter worth $89,000. 28.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of SFL from a "hold" rating to a "sell" rating in a report on Thursday, February 13th.
Read Our Latest Analysis on SFL
SFL Stock Performance
NYSE:SFL traded up $0.24 during trading hours on Tuesday, hitting $8.33. 901,738 shares of the company were exchanged, compared to its average volume of 1,028,486. The company's 50 day moving average price is $8.22 and its 200-day moving average price is $9.72. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.24 and a beta of 0.57. SFL Co. Ltd. has a 52-week low of $6.78 and a 52-week high of $14.62. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 12.97%. SFL's dividend payout ratio is currently 106.93%.
About SFL
(
Free Report)
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.
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