HighPoint Advisor Group LLC Has $134,000 Stake in SFL Co. Ltd. (NYSE:SFL)

HighPoint Advisor Group LLC decreased its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 57.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,168 shares of the shipping company’s stock after selling 16,202 shares during the quarter. HighPoint Advisor Group LLC’s holdings in SFL were worth $134,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Signaturefd LLC increased its stake in SFL by 831.8% during the fourth quarter. Signaturefd LLC now owns 2,870 shares of the shipping company’s stock valued at $29,000 after acquiring an additional 2,562 shares during the period. Blue Trust Inc. grew its holdings 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 purchasing an additional 1,278 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of 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. Public Employees Retirement System of Ohio acquired a new position in shares of SFL in the third quarter valued at $34,000. Finally, Quarry LP lifted its position in 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 during the period. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Stock Down 7.1 %

Shares of SFL opened at $7.19 on Friday. SFL Co. Ltd. has a 12 month low of $7.06 and a 12 month high of $14.62. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 7.11 and a beta of 0.57. The company has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $10.21. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91.

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 paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 15.03%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL’s dividend payout ratio is 106.93%.

Wall Street Analysts Forecast Growth

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

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.