79,164 Shares in SFL Co. Ltd. (NYSE:SFL) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new stake in SFL Co. Ltd. (NYSE:SFL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,164 shares of the shipping company's stock, valued at approximately $809,000. SBI Securities Co. Ltd. owned about 0.06% of SFL as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after purchasing an additional 950 shares during the last quarter. Blue Trust Inc. lifted its position in SFL by 64.6% in the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock valued at $33,000 after buying an additional 1,278 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in SFL by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company's stock worth $515,000 after buying an additional 1,418 shares during the period. Brighton Jones LLC increased its position in shares of SFL by 8.2% during the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock valued at $198,000 after acquiring an additional 1,474 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of SFL by 2.4% in the 3rd quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company's stock valued at $761,000 after acquiring an additional 1,515 shares during the period. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

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SFL Stock Up 2.0 %

Shares of SFL traded up $0.18 during mid-day trading on Friday, hitting $9.05. 1,190,615 shares of the company's stock were exchanged, compared to its average volume of 879,975. The stock's 50-day moving average is $10.18 and its 200-day moving average is $10.67. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. SFL Co. Ltd. has a fifty-two week low of $8.53 and a fifty-two week high of $14.62. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 8.96 and a beta of 0.67.

SFL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 11.94%. SFL's dividend payout ratio is presently 106.93%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SFL. Fearnley Fonds raised shares of SFL from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. StockNews.com lowered SFL from a "hold" rating to a "sell" rating in a research report 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.