SFL (NYSE:SFL) Sets New 12-Month Low – Should You Sell?

Shares of SFL Co. Ltd. (NYSE:SFL) hit a new 52-week low during trading on Thursday . The stock traded as low as $7.90 and last traded at $7.98, with a volume of 273181 shares. The stock had previously closed at $8.24.

Analyst Ratings Changes

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

SFL Trading Down 7.1 %

The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 7.11 and a beta of 0.57. The company’s fifty day moving average price is $9.21 and its two-hundred day moving average price is $10.21.

SFL Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 15.03%. The ex-dividend date was Wednesday, March 12th. SFL’s dividend payout ratio is presently 106.93%.

Institutional Trading of SFL

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its position in SFL by 831.8% in the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company’s stock valued at $29,000 after buying an additional 2,562 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in SFL in the third quarter valued at about $34,000. Jones Financial Companies Lllp grew its position in shares of SFL by 41.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock worth $33,000 after buying an additional 950 shares during the period. Blue Trust Inc. raised its position 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 valued at $33,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in 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 purchasing an additional 2,942 shares during the last quarter. 28.59% of the stock is owned by institutional investors.

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.