Left Brain Wealth Management LLC Increases Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Left Brain Wealth Management LLC lifted its position in SFL Co. Ltd. (NYSE:SFL) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,710 shares of the shipping company’s stock after buying an additional 4,825 shares during the quarter. Left Brain Wealth Management LLC’s holdings in SFL were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of SFL by 41.9% in 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 during the last quarter. Blue Trust Inc. increased its position in shares of SFL by 64.6% in the fourth 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 during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of SFL by 3.3% in 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 last quarter. Brighton Jones LLC increased its position in shares of SFL by 8.2% in the fourth 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 during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of SFL by 2.4% in the third quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company’s stock worth $761,000 after purchasing an additional 1,515 shares during the last quarter. 28.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com cut shares of SFL from a “hold” rating to a “sell” rating in a research report 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 3.4 %

Shares of NYSE SFL opened at $8.11 on Friday. SFL Co. Ltd. has a one year low of $8.06 and a one year high of $14.62. 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 firm’s 50 day simple moving average is $10.06 and its two-hundred day simple moving average is $10.58. The stock has a market capitalization of $1.12 billion, a P/E ratio of 8.02 and a beta of 0.67.

SFL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date is Wednesday, March 12th. SFL’s payout ratio is currently 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.