Victory Capital Management Inc. Buys 429,800 Shares of SFL Co. Ltd. (NYSE:SFL)

Victory Capital Management Inc. raised its holdings in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) by 2,095.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,311 shares of the shipping company's stock after acquiring an additional 429,800 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of SFL worth $4,602,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of SFL during the third quarter worth $34,000. Jones Financial Companies Lllp raised its stake in shares of SFL by 41.9% during 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 in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 1,278 shares during the last quarter. Quarry LP grew its stake in shares of SFL by 428.2% in the 3rd quarter. Quarry LP now owns 3,967 shares of the shipping company's stock valued at $46,000 after buying an additional 3,216 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in SFL in the third quarter worth approximately $49,000. Institutional investors and hedge funds own 28.59% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on SFL. StockNews.com lowered shares of SFL from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Fearnley Fonds upgraded SFL from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 21st.

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SFL Stock Performance

Shares of NYSE SFL traded up $0.18 during trading hours on Wednesday, hitting $8.56. 688,373 shares of the stock were exchanged, compared to its average volume of 1,196,167. SFL Co. Ltd. has a one year low of $8.06 and a one year high of $14.62. The company's 50 day moving average is $9.89 and its 200 day moving average is $10.48. 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 has a market capitalization of $1.19 billion, a P/E ratio of 8.48 and a beta of 0.67.

SFL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date of this dividend is Wednesday, March 12th. SFL's dividend payout ratio (DPR) is currently 106.93%.

SFL 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.