International Assets Investment Management LLC boosted its holdings in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 1,252.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 811,439 shares of the shipping company's stock after buying an additional 751,449 shares during the quarter. International Assets Investment Management LLC owned about 0.59% of SFL worth $9,388,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of SFL by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,348,021 shares of the shipping company's stock valued at $17,767,000 after purchasing an additional 89,300 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of SFL in the first quarter valued at about $1,679,000. SG Americas Securities LLC grew its position in shares of SFL by 309.1% in the second quarter. SG Americas Securities LLC now owns 60,401 shares of the shipping company's stock valued at $838,000 after purchasing an additional 45,638 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of SFL in the first quarter valued at about $528,000. Finally, Renaissance Technologies LLC grew its position in shares of SFL by 8.8% in the second quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company's stock valued at $17,723,000 after purchasing an additional 103,600 shares during the last quarter. 28.59% of the stock is owned by institutional investors and hedge funds.
SFL Price Performance
Shares of NYSE:SFL traded up $0.02 during trading on Thursday, reaching $10.61. The stock had a trading volume of 534,483 shares, compared to its average volume of 827,235. SFL Co. Ltd. has a 52 week low of $10.27 and a 52 week high of $14.62. The business's 50-day moving average price is $11.35 and its 200 day moving average price is $12.53. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $1.47 billion, a PE ratio of 10.61 and a beta of 0.67.
SFL (NYSE:SFL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.16 earnings per share for the quarter. The business had revenue of $190.90 million during the quarter, compared to analyst estimates of $184.17 million. SFL had a net margin of 15.17% and a return on equity of 12.58%. SFL's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share.
SFL Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date of this dividend was Wednesday, September 11th. SFL's dividend payout ratio is currently 108.00%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SFL shares. StockNews.com upgraded shares of SFL from a "hold" rating to a "buy" rating in a research note on Tuesday, July 16th. Pareto Securities upgraded shares of SFL from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th.
Get Our Latest Stock Report on SFL
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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