Goldman Sachs Group Inc. Has $4.47 Million Position in SFL Corporation Ltd. $SFL

Goldman Sachs Group Inc. lessened its holdings in shares of SFL Corporation Ltd. (NYSE:SFL) by 21.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 545,075 shares of the shipping company’s stock after selling 149,238 shares during the period. Goldman Sachs Group Inc. owned 0.37% of SFL worth $4,470,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP lifted its position in SFL by 183.6% during the 1st quarter. Quarry LP now owns 3,706 shares of the shipping company’s stock worth $30,000 after buying an additional 2,399 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of SFL by 636.8% in the first quarter. GAMMA Investing LLC now owns 4,723 shares of the shipping company’s stock worth $39,000 after acquiring an additional 4,082 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SFL by 39.6% during the first quarter. Farther Finance Advisors LLC now owns 5,986 shares of the shipping company’s stock worth $49,000 after purchasing an additional 1,698 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of SFL during the first quarter valued at approximately $76,000. Finally, Paragon Capital Management Inc. bought a new stake in shares of SFL during the first quarter valued at approximately $94,000. 28.59% of the stock is owned by institutional investors.

SFL Stock Performance

SFL stock opened at $8.09 on Thursday. The company has a 50 day moving average price of $8.73 and a 200 day moving average price of $8.48. SFL Corporation Ltd. has a fifty-two week low of $6.78 and a fifty-two week high of $11.85. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $1.18 billion, a PE ratio of 31.12 and a beta of 0.54.

SFL (NYSE:SFL) last released its earnings results on Tuesday, August 19th. The shipping company reported $0.01 EPS for the quarter. The company had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $192.40 million. SFL had a return on equity of 6.67% and a net margin of 3.97%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS.

SFL Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Friday, September 12th. SFL’s dividend payout ratio (DPR) is presently 307.69%.

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.