SFL Co. Ltd. (NYSE:SFL) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC lifted its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 8.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,904 shares of the shipping company’s stock after purchasing an additional 1,424 shares during the quarter. Brighton Jones LLC’s holdings in SFL were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of SFL by 7.3% during the third quarter. Commonwealth Equity Services LLC now owns 28,213 shares of the shipping company’s stock worth $315,000 after purchasing an additional 1,918 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of SFL by 7.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 22,457 shares of the shipping company’s stock worth $250,000 after purchasing an additional 1,472 shares during the last quarter. Raymond James & Associates raised its holdings in shares of SFL by 15.1% during the third quarter. Raymond James & Associates now owns 31,293 shares of the shipping company’s stock worth $349,000 after purchasing an additional 4,114 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in SFL by 3.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 873,127 shares of the shipping company’s stock valued at $9,735,000 after buying an additional 28,017 shares in the last quarter. Finally, Calton & Associates Inc. purchased a new position in SFL in the third quarter valued at $176,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Stock Performance

SFL opened at $13.51 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $1.87 billion, a PE ratio of 20.46 and a beta of 0.65. The firm’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.11. SFL Co. Ltd. has a twelve month low of $8.43 and a twelve month high of $13.74.

SFL (NYSE:SFL) last posted its earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The company had revenue of $209.57 million for the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 7.70%. This is a positive change from SFL’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 14th. SFL’s payout ratio is presently 157.58%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SFL. StockNews.com cut shares of SFL from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. BTIG Research lifted their price objective on shares of SFL from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, SFL has an average rating of “Hold” and an average price target of $12.00.

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.