Wealthstar Advisors LLC bought a new stake in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,668 shares of the shipping company's stock, valued at approximately $569,000.
Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. increased its position in SFL by 64.6% in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SFL during the third quarter valued at approximately $34,000. Quarry LP raised its position in shares of SFL by 428.2% during 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 during the period. Point72 DIFC Ltd bought a new position in shares of SFL in the 3rd quarter worth $49,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SFL by 1,375.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company's stock worth $50,000 after purchasing an additional 4,002 shares in the last quarter. Institutional investors and hedge funds own 28.59% of the company's stock.
Wall Street Analyst Weigh In
SFL has been the subject of a number of analyst reports. Fearnley Fonds upgraded shares of SFL from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. StockNews.com cut shares of SFL from a "hold" rating to a "sell" rating in a research report on Thursday.
Check Out Our Latest Analysis on SFL
SFL Stock Down 5.3 %
SFL traded down $0.55 during mid-day trading on Thursday, reaching $9.83. 2,374,023 shares of the stock were exchanged, compared to its average volume of 819,184. SFL Co. Ltd. has a 1 year low of $9.64 and a 1 year high of $14.62. The stock has a market capitalization of $1.36 billion, a PE ratio of 8.85 and a beta of 0.66. The company has a 50 day moving average price of $10.46 and a two-hundred day moving average price of $10.91. 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 10.99%. SFL's dividend payout ratio is currently 97.30%.
SFL 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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