XTX Topco Ltd Invests $386,000 in SFL Co. Ltd. (NYSE:SFL)

XTX Topco Ltd purchased a new position in shares of SFL Co. Ltd. (NYSE:SFL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,753 shares of the shipping company's stock, valued at approximately $386,000.

Several other large investors have also recently added to or reduced their stakes in SFL. Victory Capital Management Inc. increased its position in SFL by 2,095.5% during the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company's stock worth $4,602,000 after purchasing an additional 429,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in SFL by 39.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company's stock worth $6,146,000 after acquiring an additional 170,044 shares during the period. Vanguard Group Inc. grew its holdings in SFL by 8.7% during the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company's stock worth $19,033,000 after acquiring an additional 149,020 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in SFL in the fourth quarter worth $1,342,000. Finally, Geode Capital Management LLC lifted its holdings in SFL by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 1,571,430 shares of the shipping company's stock valued at $16,060,000 after acquiring an additional 129,742 shares during the period. 28.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

SFL Stock Performance

SFL opened at $7.72 on Wednesday. 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 stock has a market cap of $1.13 billion, a P/E ratio of 7.65 and a beta of 0.57. SFL Co. Ltd. has a 1-year low of $6.78 and a 1-year high of $14.62. The stock's 50 day simple moving average is $8.34 and its 200 day simple moving average is $9.83.

SFL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 13.98%. SFL's dividend payout ratio (DPR) 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.

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