Rhumbline Advisers Buys 10,756 Shares of SFL Corporation Ltd. $SFL

Rhumbline Advisers grew its stake in shares of SFL Corporation Ltd. (NYSE:SFL) by 5.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 225,991 shares of the shipping company’s stock after acquiring an additional 10,756 shares during the period. Rhumbline Advisers owned about 0.16% of SFL worth $1,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of SFL by 150.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,618,303 shares of the shipping company’s stock valued at $21,470,000 after acquiring an additional 1,574,696 shares during the period. Bank of New York Mellon Corp grew its position in shares of SFL by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,878 shares of the shipping company’s stock valued at $10,782,000 after acquiring an additional 69,667 shares during the period. Nuveen Asset Management LLC grew its position in shares of SFL by 27.6% during the 4th quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company’s stock valued at $9,682,000 after acquiring an additional 204,884 shares during the period. Empowered Funds LLC boosted its holdings in SFL by 2.0% in the 1st quarter. Empowered Funds LLC now owns 752,960 shares of the shipping company’s stock worth $6,174,000 after buying an additional 15,109 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in SFL by 45.1% in the 1st quarter. Victory Capital Management Inc. now owns 653,547 shares of the shipping company’s stock worth $5,359,000 after buying an additional 203,236 shares during the period. 28.59% of the stock is owned by institutional investors.

SFL Stock Up 1.6%

SFL opened at $8.09 on Thursday. The company has a 50 day moving average of $8.73 and a 200 day moving average of $8.48. The company has a market cap of $1.18 billion, a PE ratio of 31.12 and a beta of 0.54. SFL Corporation Ltd. has a 12 month low of $6.78 and a 12 month high of $11.85. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 1.97.

SFL (NYSE:SFL) last released its quarterly earnings data 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 the consensus estimate of $192.40 million. SFL had a net margin of 3.97% and a return on equity of 6.67%. SFL’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 announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 9.9%. SFL’s dividend payout ratio is currently 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.