SFL (NYSE:SFL) Hits New 12-Month Low - Here's Why

SFL Co. Ltd. (NYSE:SFL - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $10.31 and last traded at $10.32, with a volume of 187456 shares traded. The stock had previously closed at $10.56.

Analyst Ratings Changes

SFL has been the subject of a number of recent analyst reports. StockNews.com raised shares of SFL from a "hold" rating to a "buy" rating in a report on Tuesday, July 16th. Pareto Securities raised SFL from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th.

SFL Stock Performance

The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $1.43 billion, a PE ratio of 9.28 and a beta of 0.68. The company has a 50 day moving average price of $11.19 and a 200 day moving average price of $12.42.

SFL (NYSE:SFL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.98 million. SFL had a return on equity of 14.96% and a net margin of 16.03%. SFL's revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share.

SFL Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 10.49%. The ex-dividend date is Friday, December 13th. SFL's dividend payout ratio is currently 97.30%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of SFL by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 1,348,021 shares of the shipping company's stock valued at $17,767,000 after acquiring an additional 89,300 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of SFL during the first quarter worth $1,679,000. SG Americas Securities LLC lifted its position in shares of SFL by 309.1% in the 2nd quarter. SG Americas Securities LLC now owns 60,401 shares of the shipping company's stock worth $838,000 after buying an additional 45,638 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of SFL in the 1st quarter valued at about $528,000. Finally, Renaissance Technologies LLC grew its position in shares of SFL by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company's stock valued at $17,723,000 after buying an additional 103,600 shares during the last quarter. Institutional investors own 28.59% of the company's stock.

About SFL

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.