Trexquant Investment LP Grows Stock Position in SFL Co. Ltd. (NYSE:SFL)

Trexquant Investment LP boosted its holdings in SFL Co. Ltd. (NYSE:SFL) by 38.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 419,945 shares of the shipping company’s stock after acquiring an additional 117,421 shares during the period. Trexquant Investment LP owned 0.30% of SFL worth $4,292,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SFL. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 2,562 shares during the last quarter. Blue Trust Inc. raised its holdings in SFL by 64.6% in the 4th quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock valued at $33,000 after buying an additional 1,278 shares during the period. Jones Financial Companies Lllp lifted its position in SFL by 41.9% in the fourth 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. Public Employees Retirement System of Ohio acquired a new position in SFL in the third quarter valued at about $34,000. Finally, Quarry LP boosted its stake in SFL by 428.2% during the third quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock worth $46,000 after buying an additional 3,216 shares during the period. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Price Performance

SFL stock opened at $7.19 on Friday. The business’s fifty day moving average price is $9.21 and its 200 day moving average price is $10.20. SFL Co. Ltd. has a 12-month low of $7.06 and a 12-month high of $14.62. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $1.05 billion, a PE ratio of 7.11 and a beta of 0.57.

SFL Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 15.03%. SFL’s dividend payout ratio is presently 106.93%.

Analyst Upgrades and Downgrades

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

SFL 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.