MetLife Investment Management LLC Boosts Stock Position in SFL Co. Ltd. (NYSE:SFL)

MetLife Investment Management LLC raised its holdings in shares of SFL Co. Ltd. (NYSE:SFL) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,785 shares of the shipping company’s stock after purchasing an additional 1,515 shares during the period. MetLife Investment Management LLC’s holdings in SFL were worth $761,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in shares of SFL by 1,375.3% during the third quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock valued at $50,000 after buying an additional 4,002 shares during the last quarter. Kohmann Bosshard Financial Services LLC grew its stake in SFL by 25.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 2,500 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in SFL during the 3rd quarter valued at about $168,000. nVerses Capital LLC raised its stake in shares of SFL by 2,840.0% in the third quarter. nVerses Capital LLC now owns 14,700 shares of the shipping company’s stock worth $170,000 after purchasing an additional 14,200 shares during the last quarter. Finally, Calton & Associates Inc. acquired a new stake in shares of SFL during the third quarter worth about $176,000. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Trading Down 0.9 %

Shares of NYSE:SFL opened at $10.47 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.93. The business has a 50 day moving average of $10.89 and a two-hundred day moving average of $11.97. SFL Co. Ltd. has a 12-month low of $10.01 and a 12-month high of $14.62. The company has a market capitalization of $1.45 billion, a PE ratio of 9.43 and a beta of 0.67.

SFL (NYSE:SFL) last issued its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SFL had a return on equity of 14.61% and a net margin of 16.03%. The firm had revenue of $255.30 million during the quarter, compared to analyst estimates of $243.98 million. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue was up 24.6% on a year-over-year basis.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 10.32%. The ex-dividend date of this dividend is Friday, December 13th. SFL’s payout ratio is currently 97.30%.

Analyst Ratings Changes

SFL has been the topic of several recent research reports. Pareto Securities raised shares of SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Fearnley Fonds upgraded shares of SFL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

SFL Company 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.