SFL Co. Ltd. (NYSE:SFL - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.99, but opened at $10.40. SFL shares last traded at $10.55, with a volume of 236,781 shares changing hands.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. 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 downgraded SFL from a "hold" rating to a "sell" rating in a report on Thursday.
Check Out Our Latest Report on SFL
SFL Trading Down 4.1 %
The company has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $10.89. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market cap of $1.31 billion, a PE ratio of 8.50 and a beta of 0.66.
SFL Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 11.44%. The ex-dividend date is Wednesday, March 12th. SFL's payout ratio is currently 97.30%.
Institutional Trading of SFL
A number of hedge funds and other institutional investors have recently made changes to their positions in SFL. Signaturefd LLC increased its position in SFL by 831.8% in the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock valued at $29,000 after acquiring an additional 2,562 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 1,278 shares in the last quarter. Jones Financial Companies Lllp raised its position in SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock worth $33,000 after purchasing an additional 950 shares during the last quarter. Sterling Capital Management LLC boosted its position in SFL by 883.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company's stock valued at $33,000 after buying an additional 2,942 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of SFL in the 3rd quarter valued at $34,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.
About SFL
(
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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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