SFL Co. Ltd. (NYSE:SFL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 757,455 shares of the shipping company’s stock after selling 144,754 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.55% of SFL worth $8,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in SFL by 1,375.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock worth $50,000 after acquiring an additional 4,002 shares in the last quarter. Kohmann Bosshard Financial Services LLC raised its stake in SFL by 25.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock worth $145,000 after acquiring an additional 2,500 shares in the last quarter. Marshall Wace LLP acquired a new stake in SFL during the 2nd quarter worth $197,000. GSA Capital Partners LLP purchased a new position in SFL during the 3rd quarter worth $168,000. Finally, nVerses Capital LLC grew its position in SFL by 2,840.0% during the 3rd quarter. nVerses Capital LLC now owns 14,700 shares of the shipping company’s stock worth $170,000 after purchasing an additional 14,200 shares during the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Pareto Securities raised shares of SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Fearnley Fonds raised shares of SFL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

SFL Stock Up 1.1 %

Shares of NYSE:SFL opened at $10.58 on Wednesday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 9.53 and a beta of 0.67. The firm’s 50-day simple moving average is $10.85 and its 200-day simple moving average is $11.90. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.93. SFL Co. Ltd. has a fifty-two week low of $10.01 and a fifty-two week high of $14.62.

SFL (NYSE:SFL) last issued its earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $243.98 million. SFL had a net margin of 16.03% and a return on equity of 14.61%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS.

SFL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date is Friday, December 13th. SFL’s dividend payout ratio is currently 97.30%.

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.