Sigma Planning Corp Sells 57,485 Shares of SFL Co. Ltd. (NYSE:SFL)

Sigma Planning Corp cut its holdings in SFL Co. Ltd. (NYSE:SFL - Free Report) by 73.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,761 shares of the shipping company's stock after selling 57,485 shares during the period. Sigma Planning Corp's holdings in SFL were worth $240,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SFL. International Assets Investment Management LLC grew its position in SFL by 1,252.6% in the 3rd quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company's stock worth $9,388,000 after purchasing an additional 751,449 shares during the last quarter. American Century Companies Inc. grew its position in SFL by 19.8% during the second quarter. American Century Companies Inc. now owns 2,803,656 shares of the shipping company's stock worth $38,915,000 after buying an additional 462,789 shares in the last quarter. Acadian Asset Management LLC increased its stake in SFL by 151.8% during the second quarter. Acadian Asset Management LLC now owns 321,211 shares of the shipping company's stock valued at $4,449,000 after acquiring an additional 193,648 shares during the period. Renaissance Technologies LLC increased its stake in SFL by 8.8% during the second quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company's stock valued at $17,723,000 after acquiring an additional 103,600 shares during the period. Finally, Vanguard Group Inc. raised its holdings in SFL by 7.1% in 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. Institutional investors and hedge funds own 28.59% of the company's stock.

Wall Street Analyst Weigh In

Separately, Pareto Securities raised SFL from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th.

SFL Price Performance

Shares of SFL stock opened at $10.39 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 9.36 and a beta of 0.68. The firm's 50-day simple moving average is $11.07 and its 200-day simple moving average is $12.32. SFL Co. Ltd. has a twelve month low of $10.01 and a twelve month high of $14.62. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50.

SFL (NYSE:SFL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The company had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.98 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year.

SFL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, December 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.39%. SFL's payout ratio is presently 97.30%.

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.