Charles Schwab Investment Management Inc. Has $6.46 Million Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Charles Schwab Investment Management Inc. reduced its holdings in SFL Co. Ltd. (NYSE:SFL) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 632,143 shares of the shipping company’s stock after selling 125,312 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SFL were worth $6,461,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of SFL during the 3rd quarter valued at $168,000. Victory Capital Management Inc. boosted its holdings in SFL by 11.4% in the third quarter. Victory Capital Management Inc. now owns 20,511 shares of the shipping company’s stock worth $237,000 after acquiring an additional 2,104 shares in the last quarter. Intech Investment Management LLC acquired a new stake in SFL in the third quarter valued at approximately $357,000. Nwam LLC bought a new stake in shares of SFL during the third quarter valued at approximately $179,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of SFL by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company’s stock valued at $515,000 after acquiring an additional 1,418 shares in the last quarter. 28.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th.

SFL Trading Up 0.6 %

NYSE SFL opened at $8.22 on Tuesday. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The business has a fifty day simple moving average of $9.70 and a 200 day simple moving average of $10.39. SFL Co. Ltd. has a 12 month low of $8.06 and a 12 month high of $14.62. The firm has a market capitalization of $1.20 billion, a P/E ratio of 8.13 and a beta of 0.67.

SFL Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.15%. The ex-dividend date is Wednesday, March 12th. SFL’s payout ratio is currently 106.93%.

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.