Jackson Creek Investment Advisors LLC Takes $1.34 Million Position in SFL Co. Ltd. (NYSE:SFL)

Jackson Creek Investment Advisors LLC bought a new position in SFL Co. Ltd. (NYSE:SFL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 131,349 shares of the shipping company's stock, valued at approximately $1,342,000. Jackson Creek Investment Advisors LLC owned approximately 0.09% of SFL as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in SFL during the third quarter worth approximately $34,000. Jones Financial Companies Lllp raised its holdings in SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock worth $33,000 after acquiring an additional 950 shares during the period. Blue Trust Inc. lifted its position in SFL by 64.6% during the 4th 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 last quarter. Quarry LP boosted its holdings in SFL by 428.2% during the third quarter. Quarry LP now owns 3,967 shares of the shipping company's stock valued at $46,000 after acquiring an additional 3,216 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in shares of SFL in the third quarter valued at about $49,000. Institutional investors and hedge funds own 28.59% of the company's stock.

Wall Street Analyst Weigh In

SFL has been the subject of a number of research analyst reports. Fearnley Fonds upgraded SFL from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. StockNews.com lowered shares of SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.

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SFL Stock Performance

Shares of SFL stock traded down $0.08 during mid-day trading on Monday, reaching $8.95. The stock had a trading volume of 276,467 shares, compared to its average volume of 879,808. SFL Co. Ltd. has a one year low of $8.53 and a one year high of $14.62. The firm has a market cap of $1.24 billion, a PE ratio of 8.85 and a beta of 0.67. The firm's 50 day simple moving average is $10.16 and its 200 day simple moving average is $10.64. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 12.07%. 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.