American Century Companies Inc. Has $33 Million Stake in SFL Co. Ltd. (NYSE:SFL)

American Century Companies Inc. lowered its stake in SFL Co. Ltd. (NYSE:SFL) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,228,481 shares of the shipping company’s stock after selling 150,728 shares during the quarter. American Century Companies Inc.’s holdings in SFL were worth $32,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its stake in 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 buying an additional 950 shares during the period. Blue Trust Inc. increased its holdings in shares of SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 1,278 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of SFL by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company’s stock worth $515,000 after purchasing an additional 1,418 shares during the period. Brighton Jones LLC lifted its holdings in shares of SFL by 8.2% in the 4th quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company’s stock worth $198,000 after purchasing an additional 1,474 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in SFL by 2.4% in the 3rd quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company’s stock valued at $761,000 after purchasing an additional 1,515 shares during the period. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Price Performance

SFL stock opened at $8.17 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of 8.08 and a beta of 0.67. SFL Co. Ltd. has a 52-week low of $8.06 and a 52-week high of $14.62. The business has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $10.32. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38.

SFL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 13.23%. SFL’s dividend payout ratio (DPR) is currently 106.93%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of SFL from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th.

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.