Raymond James Financial Inc. purchased a new position in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 40,485 shares of the shipping company's stock, valued at approximately $414,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in SFL by 239.3% during the third quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock worth $1,954,000 after acquiring an additional 119,131 shares in the last quarter. Geode Capital Management LLC increased its position in SFL by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company's stock worth $16,680,000 after purchasing an additional 66,096 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in SFL in the 4th quarter valued at approximately $809,000. Victory Capital Management Inc. boosted its position 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 valued at $4,602,000 after buying an additional 429,800 shares in the last quarter. Finally, Wealthstar Advisors LLC bought a new stake in shares of SFL during the fourth quarter worth $569,000. 28.59% of the stock is currently owned by institutional investors.
SFL Trading Up 6.0 %
NYSE SFL traded up $0.44 during mid-day trading on Friday, reaching $7.74. 1,239,406 shares of the stock were exchanged, compared to its average volume of 1,006,198. 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 stock has a market cap of $1.13 billion, a P/E ratio of 7.66 and a beta of 0.57. The stock has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $10.01. SFL Co. Ltd. has a one year low of $6.78 and a one year high of $14.62.
SFL Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 13.96%. SFL's payout ratio is currently 106.93%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.
Check Out Our Latest Stock Analysis on SFL
SFL Profile
(
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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