SFL Co. Ltd. (NYSE:SFL) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,672 shares of the shipping company’s stock after selling 16,097 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in SFL were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its position in shares of SFL by 239.3% during the third quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock worth $1,954,000 after buying an additional 119,131 shares during the period. SBI Securities Co. Ltd. bought a new stake in SFL during the 4th quarter valued at $809,000. Victory Capital Management Inc. boosted its position in SFL by 2,095.5% during the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock worth $4,602,000 after acquiring an additional 429,800 shares during the period. Vanguard Group Inc. grew its stake in shares of SFL by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company’s stock worth $19,033,000 after purchasing an additional 149,020 shares in the last quarter. Finally, Wealthstar Advisors LLC acquired a new position in shares of SFL during the fourth quarter valued at $569,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Price Performance

Shares of SFL opened at $8.49 on Monday. The business’s 50-day moving average is $8.08 and its 200-day moving average is $9.39. 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 $1.24 billion, a price-to-earnings ratio of 8.40 and a beta of 0.47. SFL Co. Ltd. has a fifty-two week low of $6.78 and a fifty-two week high of $14.42.

SFL (NYSE:SFL) last issued its quarterly earnings data on Wednesday, May 14th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. SFL had a net margin of 14.45% and a return on equity of 12.41%. The firm had revenue of $186.74 million during the quarter, compared to analysts’ expectations of $183.82 million. During the same period in the prior year, the company posted $0.36 earnings per share. SFL’s revenue for the quarter was down 18.5% on a year-over-year basis.

SFL Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 12.73%. The ex-dividend date is Thursday, June 12th. SFL’s payout ratio is presently 263.41%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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.