SFL Co. Ltd. (NYSE:SFL) Stock Holdings Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,105,465 shares of the shipping company's stock after selling 100,200 shares during the period. Renaissance Technologies LLC owned about 0.80% of SFL worth $11,298,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SFL. Barclays PLC boosted its position in SFL by 239.3% during the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock worth $1,954,000 after purchasing an additional 119,131 shares during the period. Geode Capital Management LLC boosted its position in shares of SFL by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company's stock worth $16,680,000 after buying an additional 66,096 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of SFL during the 4th quarter valued at about $809,000. Victory Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 429,800 shares during the period. Finally, Wealthstar Advisors LLC purchased a new stake in shares of SFL during the fourth quarter worth about $569,000. Institutional investors and hedge funds own 28.59% of the company's stock.

SFL Stock Performance

NYSE SFL traded up $0.16 during trading hours on Friday, reaching $7.82. The company's stock had a trading volume of 897,832 shares, compared to its average volume of 1,013,350. The stock has a market cap of $1.14 billion, a PE ratio of 7.74 and a beta of 0.57. The business has a 50-day simple moving average of $8.44 and a 200 day simple moving average of $9.90. SFL Co. Ltd. has a 52 week low of $6.78 and a 52 week high of $14.62. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 13.82%. The ex-dividend date was Wednesday, March 12th. SFL's dividend payout ratio (DPR) is 106.93%.

Wall Street Analyst Weigh In

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.