SFL Co. Ltd. (NYSE:SFL - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $8.06 and last traded at $8.09, with a volume of 576555 shares changing hands. The stock had previously closed at $8.16.
Analysts Set New Price Targets
Separately, StockNews.com downgraded SFL from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th.
Check Out Our Latest Analysis on SFL
SFL Price Performance
The stock has a market cap of $1.20 billion, a PE ratio of 8.15 and a beta of 0.67. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The firm's 50 day moving average price is $9.37 and its two-hundred day moving average price is $10.27.
SFL Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 13.11%. SFL's dividend payout ratio (DPR) is 106.93%.
Institutional Investors Weigh In On SFL
Several hedge funds and other institutional investors have recently modified their holdings of SFL. Novak & Powell Financial Services Inc. boosted its position in shares of SFL by 5.1% in the fourth quarter. Novak & Powell Financial Services Inc. now owns 41,281 shares of the shipping company's stock valued at $422,000 after acquiring an additional 1,996 shares during the period. ProShare Advisors LLC boosted its holdings in SFL by 63.5% in the 4th quarter. ProShare Advisors LLC now owns 36,786 shares of the shipping company's stock valued at $376,000 after purchasing an additional 14,283 shares during the period. Nuveen Asset Management LLC grew its position in shares of SFL by 27.6% during the 4th quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company's stock valued at $9,682,000 after purchasing an additional 204,884 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SFL by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,043,607 shares of the shipping company's stock worth $10,666,000 after purchasing an additional 57,934 shares during the period. Finally, Ellevest Inc. increased its holdings in shares of SFL by 2.6% in the fourth quarter. Ellevest Inc. now owns 45,429 shares of the shipping company's stock worth $464,000 after purchasing an additional 1,146 shares during the period. 28.59% of the stock is currently owned by institutional investors.
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.
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