SFL (NYSE:SFL) Sees Large Volume Increase

SFL Co. Ltd. (NYSE:SFL) saw unusually-high trading volume on Thursday . Approximately 408,494 shares changed hands during mid-day trading, a decline of 47% from the previous session’s volume of 769,217 shares.The stock last traded at $11.81 and had previously closed at $11.88.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BTIG Research boosted their target price on SFL from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.33.

SFL Trading Up 0.8 %

The stock has a market cap of $1.66 billion, a PE ratio of 12.25 and a beta of 0.66. The company’s 50-day moving average price is $13.70 and its 200 day moving average price is $13.15. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.29 and a current ratio of 0.29.

SFL (NYSE:SFL) last released its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.37 earnings per share for the quarter. The business had revenue of $229.06 million during the quarter. SFL had a return on equity of 11.47% and a net margin of 15.21%.

SFL Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th were issued a $0.27 dividend. This is a positive change from SFL’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend was Friday, May 24th. SFL’s dividend payout ratio is currently 111.34%.

Institutional Trading of SFL

Institutional investors have recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners acquired a new position in SFL during the fourth quarter worth $25,000. GoalVest Advisory LLC purchased a new position in SFL during the 1st quarter valued at about $33,000. Newbridge Financial Services Group Inc. grew its position in SFL by 151.7% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 7,824 shares of the shipping company’s stock valued at $103,000 after acquiring an additional 4,715 shares in the last quarter. U S Global Investors Inc. purchased a new stake in SFL during the first quarter worth about $115,000. Finally, Aigen Investment Management LP acquired a new stake in shares of SFL during the fourth quarter worth about $119,000. Institutional investors and hedge funds own 28.59% of the company’s stock.

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.