101,275 Shares in SFL Corporation Ltd. $SFL Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new position in shares of SFL Corporation Ltd. (NYSE:SFL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 101,275 shares of the shipping company’s stock, valued at approximately $830,000. Jacobs Levy Equity Management Inc. owned approximately 0.07% of SFL at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of SFL by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 1,314,878 shares of the shipping company’s stock worth $10,782,000 after acquiring an additional 69,667 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in SFL by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,043,607 shares of the shipping company’s stock valued at $10,666,000 after buying an additional 57,934 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in SFL by 27.6% during the fourth quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company’s stock valued at $9,682,000 after buying an additional 204,884 shares in the last quarter. Northern Trust Corp raised its holdings in SFL by 17.5% during the fourth quarter. Northern Trust Corp now owns 910,484 shares of the shipping company’s stock valued at $9,305,000 after buying an additional 135,768 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in SFL by 45.1% during the first quarter. Victory Capital Management Inc. now owns 653,547 shares of the shipping company’s stock valued at $5,359,000 after buying an additional 203,236 shares in the last quarter. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Price Performance

NYSE SFL opened at $8.01 on Friday. SFL Corporation Ltd. has a fifty-two week low of $6.78 and a fifty-two week high of $11.85. The stock’s 50-day moving average is $8.78 and its two-hundred day moving average is $8.51. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.30 and a quick ratio of 0.45. The firm has a market cap of $1.17 billion, a P/E ratio of 30.82 and a beta of 0.54.

SFL (NYSE:SFL) last posted its earnings results on Tuesday, August 19th. The shipping company reported $0.01 earnings per share for the quarter. SFL had a return on equity of 6.67% and a net margin of 3.97%.The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $192.40 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year.

SFL Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 10.0%. The ex-dividend date is Friday, September 12th. SFL’s dividend payout ratio (DPR) is 415.38%.

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.