International Assets Investment Management LLC Increases Stock Holdings in SFL Corporation Ltd. (NYSE:SFL)

International Assets Investment Management LLC grew its stake in SFL Corporation Ltd. (NYSE:SFL) by 42.3% during the first quarter, HoldingsChannel reports. The firm owned 105,737 shares of the shipping company’s stock after purchasing an additional 31,434 shares during the quarter. International Assets Investment Management LLC’s holdings in SFL were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Deutsche Bank AG raised its position in shares of SFL by 63.1% during the 4th quarter. Deutsche Bank AG now owns 97,240 shares of the shipping company’s stock worth $994,000 after purchasing an additional 37,622 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in SFL during the fourth quarter worth $809,000. Victory Capital Management Inc. increased its position in SFL by 2,095.5% during the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock worth $4,602,000 after buying an additional 429,800 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SFL by 8.7% in 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 last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of SFL in the fourth quarter valued at $384,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.

SFL Stock Up 0.8%

SFL opened at $8.58 on Thursday. The firm has a market cap of $1.25 billion, a P/E ratio of 20.93 and a beta of 0.51. The business’s fifty day simple moving average is $8.46 and its 200 day simple moving average is $9.11. SFL Corporation Ltd. has a 52 week low of $6.78 and a 52 week high of $14.14. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.14.

SFL (NYSE:SFL) last released its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $186.74 million for the quarter, compared to analysts’ expectations of $183.82 million. SFL had a net margin of 6.20% and a return on equity of 8.50%. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS.

SFL Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.08 dividend on an annualized basis and a yield of 12.59%. SFL’s dividend payout ratio (DPR) is currently 263.41%.

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.