Virtu Financial LLC bought a new stake in SFL Co. Ltd. (NYSE:SFL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,603 shares of the shipping company's stock, valued at approximately $384,000.
Several other large investors also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of SFL by 831.8% during the fourth quarter. Signaturefd LLC now owns 2,870 shares of the shipping company's stock worth $29,000 after purchasing an additional 2,562 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of SFL during the 3rd quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its holdings in SFL by 41.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company's stock valued at $33,000 after purchasing an additional 950 shares during the period. Blue Trust Inc. grew its stake 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 worth $33,000 after acquiring an additional 1,278 shares during the period. Finally, Quarry LP increased its stake in shares of SFL by 428.2% in the third quarter. Quarry LP now owns 3,967 shares of the shipping company's stock worth $46,000 after purchasing an additional 3,216 shares in the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.
SFL Trading Up 0.1 %
NYSE SFL traded up $0.01 during trading on Friday, hitting $8.17. The company had a trading volume of 1,103,248 shares, compared to its average volume of 955,514. The company's fifty day moving average is $9.47 and its 200-day moving average is $10.31. SFL Co. Ltd. has a one year low of $8.06 and a one year high of $14.62. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 8.08 and a beta of 0.67.
SFL Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 13.23%. SFL's dividend payout ratio is presently 106.93%.
Analyst Ratings Changes
Separately, StockNews.com downgraded SFL from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th.
Get Our Latest Stock Analysis on SFL
SFL Company Profile
(
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.
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