SBI Securities Co. Ltd. Acquires New Position in SFL Co. Ltd. (NYSE:SFL)

SBI Securities Co. Ltd. bought a new position in shares of SFL Co. Ltd. (NYSE:SFL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,164 shares of the shipping company’s stock, valued at approximately $809,000. SBI Securities Co. Ltd. owned 0.06% of SFL at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SFL. Public Employees Retirement System of Ohio acquired a new stake in shares of SFL in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp boosted its position in SFL by 41.9% during the fourth 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. grew its holdings in SFL by 64.6% in the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 1,278 shares during the last quarter. Quarry LP increased its position in shares of SFL by 428.2% in the third 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 acquired a new position in shares of SFL during the 3rd quarter worth $49,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SFL has been the topic of a number of research reports. StockNews.com cut shares of SFL from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Fearnley Fonds upgraded shares of SFL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

SFL Stock Down 3.3 %

Shares of NYSE:SFL opened at $8.73 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $1.21 billion, a P/E ratio of 8.64 and a beta of 0.66. SFL Co. Ltd. has a 52-week low of $8.66 and a 52-week high of $14.62. The stock’s fifty day simple moving average is $10.26 and its 200-day simple moving average is $10.72.

SFL Dividend Announcement

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 issued a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 12.37%. 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.