Vanguard Group Inc. grew its holdings in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,862,370 shares of the shipping company's stock after acquiring an additional 149,020 shares during the period. Vanguard Group Inc. owned 1.34% of SFL worth $19,033,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in SFL. FMR LLC lifted its stake in SFL by 5.4% in the third quarter. FMR LLC now owns 54,392 shares of the shipping company's stock valued at $629,000 after buying an additional 2,770 shares during the period. State Street Corp lifted its position 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 valued at $24,000,000 after acquiring an additional 51,022 shares during the period. Y Intercept Hong Kong Ltd bought a new position in SFL during the third quarter worth $296,000. Public Employees Retirement System of Ohio acquired a new stake in SFL in the third quarter worth $34,000. Finally, Barclays PLC increased its stake in SFL by 239.3% in the third quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock valued at $1,954,000 after purchasing an additional 119,131 shares in the last quarter. 28.59% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of 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 Stock Up 2.0 %
Shares of SFL traded up $0.16 during trading hours on Friday, reaching $7.82. The stock had a trading volume of 897,832 shares, compared to its average volume of 1,015,263. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.74 and a beta of 0.57. The firm has a 50-day simple moving average of $8.44 and a 200 day simple moving average of $9.89. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. SFL Co. Ltd. has a 12 month low of $6.78 and a 12 month high of $14.62.
SFL Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.82%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL's dividend payout ratio is currently 106.93%.
About SFL
(
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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