Los Angeles Capital Management LLC Sells 33,396 Shares of SFL Co. Ltd. (NYSE:SFL)

Los Angeles Capital Management LLC reduced its position in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,816 shares of the shipping company's stock after selling 33,396 shares during the quarter. Los Angeles Capital Management LLC's holdings in SFL were worth $509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company's stock worth $33,000 after buying an additional 1,278 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of SFL by 3.3% during the 3rd 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 in the last quarter. Brighton Jones LLC lifted its holdings in SFL by 8.2% during the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock worth $198,000 after acquiring an additional 1,474 shares during the period. MetLife Investment Management LLC boosted its position in SFL by 2.4% in the third quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company's stock worth $761,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in SFL by 0.7% in the 4th quarter. Rhumbline Advisers now owns 215,235 shares of the shipping company's stock valued at $2,200,000 after purchasing an additional 1,596 shares during the period. Institutional investors own 28.59% of the company's stock.

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SFL Stock Performance

Shares of NYSE:SFL traded up $0.24 during midday trading on Friday, reaching $9.11. 626,402 shares of the company traded hands, compared to its average volume of 877,903. SFL Co. Ltd. has a 12 month low of $8.53 and a 12 month high of $14.62. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 9.01 and a beta of 0.67. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The firm's fifty day moving average price is $10.20 and its two-hundred day moving average price is $10.68.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 11.86%. The ex-dividend date is Wednesday, March 12th. SFL's dividend payout ratio is 106.93%.

Wall Street Analyst Weigh In

SFL has been the topic of several research reports. 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 note on Thursday, February 13th.

SFL Company 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.