SFL Co. Ltd. (NYSE:SFL) Shares Purchased by Doheny Asset Management CA

Doheny Asset Management CA increased its position in shares of SFL Co. Ltd. (NYSE:SFL) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 273,354 shares of the shipping company’s stock after acquiring an additional 12,637 shares during the quarter. SFL makes up approximately 2.1% of Doheny Asset Management CA’s holdings, making the stock its 12th biggest holding. Doheny Asset Management CA owned approximately 0.20% of SFL worth $3,794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SFL. Advisory Services Network LLC boosted its position in SFL by 27.1% during the fourth quarter. Advisory Services Network LLC now owns 15,943 shares of the shipping company’s stock worth $180,000 after acquiring an additional 3,399 shares during the last quarter. Evoke Wealth LLC acquired a new position in shares of SFL in the 4th quarter valued at $568,000. Cutler Capital Management LLC boosted its holdings in shares of SFL by 77.8% in the 4th quarter. Cutler Capital Management LLC now owns 205,510 shares of the shipping company’s stock valued at $2,318,000 after purchasing an additional 89,910 shares during the last quarter. Waterloo Capital L.P. acquired a new position in shares of SFL in the 4th quarter valued at $182,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of SFL by 3.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,382,207 shares of the shipping company’s stock valued at $15,591,000 after purchasing an additional 51,645 shares during the last quarter. Institutional investors and hedge funds own 28.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SFL shares. StockNews.com upgraded shares of SFL from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Pareto Securities upgraded shares of SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th.

SFL Stock Performance

Shares of SFL stock opened at $11.59 on Friday. The company’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $12.81. SFL Co. Ltd. has a 52 week low of $10.27 and a 52 week high of $14.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.65. The company has a market cap of $1.61 billion, a PE ratio of 11.95 and a beta of 0.67.

SFL (NYSE:SFL) last issued its earnings results on Wednesday, August 14th. The shipping company reported $0.16 EPS for the quarter. SFL had a net margin of 15.17% and a return on equity of 12.58%. The business had revenue of $190.90 million for the quarter, compared to the consensus estimate of $184.17 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 9.32%. The ex-dividend date of this dividend was Wednesday, September 11th. SFL’s dividend payout ratio (DPR) is 111.34%.

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.