Marshall Wace LLP Decreases Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Marshall Wace LLP lowered its position in SFL Co. Ltd. (NYSE:SFL - Free Report) by 56.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 818,949 shares of the shipping company's stock after selling 1,082,519 shares during the period. Marshall Wace LLP owned approximately 0.59% of SFL worth $8,370,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SFL. Victory Capital Management Inc. grew its holdings in SFL by 2,095.5% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SFL by 39.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company's stock worth $6,146,000 after purchasing an additional 170,044 shares in the last quarter. Vanguard Group Inc. grew its stake in SFL by 8.7% during the 4th quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock worth $19,033,000 after buying an additional 149,020 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in SFL during the 4th quarter valued at about $1,342,000. Finally, Geode Capital Management LLC raised its stake in SFL by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock valued at $16,060,000 after buying an additional 129,742 shares during the last quarter. Institutional investors own 28.59% of the company's stock.

SFL Price Performance

Shares of SFL opened at $7.72 on Wednesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The company's fifty day moving average price is $8.34 and its 200-day moving average price is $9.83. SFL Co. Ltd. has a 1-year low of $6.78 and a 1-year high of $14.62. The firm has a market capitalization of $1.13 billion, a PE ratio of 7.65 and a beta of 0.57.

SFL Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.98%. The ex-dividend date was Wednesday, March 12th. SFL's dividend payout ratio is presently 106.93%.

Analysts Set New Price Targets

Separately, StockNews.com lowered SFL from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th.

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.

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