SFL Co. Ltd. (NYSE:SFL) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in SFL Co. Ltd. (NYSE:SFL) by 1,021.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 657,672 shares of the shipping company’s stock after acquiring an additional 599,029 shares during the quarter. International Assets Investment Management LLC’s holdings in SFL were worth $7,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SFL. Federated Hermes Inc. increased its stake in shares of SFL by 125.3% in the 1st quarter. Federated Hermes Inc. now owns 2,854 shares of the shipping company’s stock worth $29,000 after acquiring an additional 1,587 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of SFL by 139.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,069 shares of the shipping company’s stock worth $29,000 after acquiring an additional 1,789 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of SFL by 131.8% in the 1st quarter. Advisory Services Network LLC now owns 4,182 shares of the shipping company’s stock worth $40,000 after acquiring an additional 2,378 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of SFL by 58.5% in the 1st quarter. Captrust Financial Advisors now owns 4,256 shares of the shipping company’s stock worth $43,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of SFL in the 4th quarter worth $96,000. 28.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com lowered shares of SFL from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. BTIG Research upped their target price on shares of SFL from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, SFL has an average rating of “Hold” and an average price target of $12.00.

SFL Trading Down 1.7 %

NYSE SFL opened at $12.58 on Monday. The firm’s 50-day moving average is $12.96 and its two-hundred day moving average is $11.92. SFL Co. Ltd. has a 12 month low of $8.43 and a 12 month high of $13.74. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.31 and a quick ratio of 0.30. The stock has a market capitalization of $1.74 billion, a P/E ratio of 19.06 and a beta of 0.66.

SFL (NYSE:SFL) last issued its quarterly earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $209.57 million for the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from SFL’s previous quarterly dividend of $0.25. SFL’s dividend payout ratio is currently 157.58%.

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.