SFL Co. Ltd. (NYSE:SFL) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its position in SFL Co. Ltd. (NYSE:SFL - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 419,945 shares of the shipping company's stock after purchasing an additional 117,421 shares during the period. Trexquant Investment LP owned approximately 0.30% of SFL worth $4,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SFL. Jones Financial Companies Lllp grew its stake 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 acquiring an additional 950 shares in the last quarter. Corebridge Financial Inc. increased its holdings in SFL by 2.0% during the 4th quarter. Corebridge Financial Inc. now owns 64,938 shares of the shipping company's stock worth $664,000 after purchasing an additional 1,262 shares during the period. Blue Trust Inc. raised its position in SFL by 64.6% during the 4th 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. The Manufacturers Life Insurance Company lifted its stake in SFL by 3.3% in the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company's stock worth $515,000 after acquiring an additional 1,418 shares during the period. Finally, Brighton Jones LLC raised its holdings in shares of SFL by 8.2% in the 4th quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company's stock valued at $198,000 after purchasing an additional 1,474 shares in the last quarter. Institutional investors own 28.59% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of SFL from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th.

SFL Stock Performance

Shares of NYSE:SFL traded down $0.40 during trading on Thursday, hitting $7.27. The stock had a trading volume of 476,255 shares, compared to its average volume of 1,291,696. SFL Co. Ltd. has a 12-month low of $6.78 and a 12-month high of $14.62. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.21 and a beta of 0.57. The stock has a 50-day simple moving average of $8.89 and a two-hundred day simple moving average of $10.08.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 14.86%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's payout ratio is 106.93%.

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.