SFL Co. Ltd. (NYSE:SFL) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 737,851 shares of the shipping company's stock after buying an additional 35,972 shares during the period. Empowered Funds LLC owned about 0.53% of SFL worth $7,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of 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. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of SFL by 28.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,189 shares of the shipping company's stock valued at $257,000 after acquiring an additional 5,612 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of SFL in the fourth quarter valued at $119,000. Brighton Jones LLC raised its stake in shares of 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 in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of SFL by 75.7% in the fourth quarter. SG Americas Securities LLC now owns 51,749 shares of the shipping company's stock valued at $529,000 after acquiring an additional 22,294 shares in the last quarter. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Stock Down 4.1 %

SFL stock traded down $0.40 during midday trading on Friday, reaching $9.44. The company's stock had a trading volume of 3,164,477 shares, compared to its average volume of 897,374. SFL Co. Ltd. has a fifty-two week low of $9.43 and a fifty-two week high of $14.62. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.31 billion, a P/E ratio of 8.50 and a beta of 0.66. The business has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.90.

SFL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date is Wednesday, March 12th. SFL's dividend payout ratio (DPR) is currently 97.30%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SFL. StockNews.com cut SFL from a "hold" rating to a "sell" rating in a research note on Thursday. Fearnley Fonds upgraded SFL from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 21st.

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.