SFL (NYSE:SFL) Sets New 1-Year Low – Here’s What Happened

Shares of SFL Co. Ltd. (NYSE:SFL) hit a new 52-week low during trading on Friday . The stock traded as low as $8.06 and last traded at $8.09, with a volume of 576555 shares. The stock had previously closed at $8.16.

Analyst Ratings Changes

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

SFL Stock Up 0.1 %

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 company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.08 and a beta of 0.67. The firm has a 50-day moving average price of $9.47 and a two-hundred day moving average price of $10.31.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 13.23%. SFL’s dividend payout ratio is currently 106.93%.

Institutional Investors Weigh In On SFL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position 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 purchasing an additional 2,562 shares during the last quarter. Blue Trust Inc. raised its stake 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 boosted its holdings in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock valued at $33,000 after buying an additional 950 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of SFL by 883.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company’s stock valued at $33,000 after buying an additional 2,942 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in SFL during the third quarter worth $34,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

About SFL

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.