Cwm LLC Acquires 13,137 Shares of SFL Corporation Ltd. $SFL

Cwm LLC increased its holdings in SFL Corporation Ltd. (NYSE:SFL) by 893.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,608 shares of the shipping company’s stock after acquiring an additional 13,137 shares during the quarter. Cwm LLC’s holdings in SFL were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SFL. Signaturefd LLC boosted its stake in SFL by 65.3% during the second quarter. Signaturefd LLC now owns 3,392 shares of the shipping company’s stock worth $28,000 after acquiring an additional 1,340 shares in the last quarter. Quarry LP boosted its stake in SFL by 183.6% during the first quarter. Quarry LP now owns 3,706 shares of the shipping company’s stock worth $30,000 after acquiring an additional 2,399 shares in the last quarter. Parallel Advisors LLC boosted its stake in SFL by 43.1% during the second quarter. Parallel Advisors LLC now owns 6,010 shares of the shipping company’s stock worth $50,000 after acquiring an additional 1,810 shares in the last quarter. Bessemer Group Inc. bought a new stake in SFL during the first quarter worth about $76,000. Finally, DAVENPORT & Co LLC boosted its stake in SFL by 16.2% during the first quarter. DAVENPORT & Co LLC now owns 12,556 shares of the shipping company’s stock worth $103,000 after acquiring an additional 1,750 shares in the last quarter. Institutional investors own 28.59% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of SFL in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, SFL presently has a consensus rating of “Buy”.

SFL Trading Up 3.1%

Shares of NYSE SFL opened at $7.47 on Friday. The firm’s 50 day moving average price is $7.64 and its 200-day moving average price is $8.31. The company has a market cap of $1.09 billion, a PE ratio of 28.71 and a beta of 0.49. SFL Corporation Ltd. has a 52-week low of $6.73 and a 52-week high of $11.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.30 and a current ratio of 0.30.

SFL (NYSE:SFL) last issued its earnings results on Tuesday, August 19th. The shipping company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $192.59 million for 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%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

SFL Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.20 per share. The ex-dividend date was Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a yield of 10.7%. SFL’s dividend payout ratio is 307.69%.

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.