SFL Co. Ltd. (NYSE:SFL - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $9.57 and last traded at $9.57, with a volume of 915161 shares traded. The stock had previously closed at $9.84.
Analyst Ratings Changes
A number of research firms recently commented on SFL. StockNews.com cut shares of SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Fearnley Fonds upgraded SFL from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st.
Get Our Latest Stock Analysis on SFL
SFL Trading Up 3.6 %
The business's 50-day moving average is $10.41 and its two-hundred day moving average is $10.87. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $1.35 billion, a P/E ratio of 8.79 and a beta of 0.66.
SFL Announces Dividend
The company 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 dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend is Wednesday, March 12th. SFL's dividend payout ratio (DPR) is currently 97.30%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC lifted its position in shares of SFL by 239.3% during the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock valued at $1,954,000 after acquiring an additional 119,131 shares during the period. Geode Capital Management LLC grew its stake in SFL by 4.8% during 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 in the last quarter. Wealthstar Advisors LLC bought a new position in SFL in the 4th quarter valued at about $569,000. State Street Corp lifted its holdings in shares of SFL by 2.5% during the 3rd quarter. State Street Corp now owns 2,074,341 shares of the shipping company's stock worth $24,000,000 after acquiring an additional 51,022 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of SFL by 5.1% during the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company's stock worth $7,541,000 after acquiring an additional 35,972 shares in the last quarter. Institutional investors own 28.59% of the company's stock.
SFL Company Profile
(
Get 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.
Further Reading
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