Commonwealth Equity Services LLC Has $415,000 Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Commonwealth Equity Services LLC boosted its holdings in shares of SFL Co. Ltd. (NYSE:SFL) by 3.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 29,908 shares of the shipping company’s stock after buying an additional 919 shares during the period. Commonwealth Equity Services LLC’s holdings in SFL were worth $415,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SFL. GoalVest Advisory LLC purchased a new stake in shares of SFL during the first quarter worth $33,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of SFL during the 1st quarter worth about $139,000. Aigen Investment Management LP acquired a new stake in shares of SFL during the 4th quarter valued at about $119,000. MQS Management LLC bought a new stake in shares of SFL in the 1st quarter valued at approximately $189,000. Finally, SG Americas Securities LLC acquired a new position in SFL in the first quarter worth approximately $195,000. 28.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SFL. StockNews.com upgraded shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th.

SFL Trading Down 0.9 %

NYSE:SFL opened at $11.19 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.65. The company’s 50 day moving average is $11.76 and its 200-day moving average is $12.87. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 11.54 and a beta of 0.67. SFL Co. Ltd. has a 12 month low of $10.27 and a 12 month high of $14.62.

SFL (NYSE:SFL) last issued its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.16 EPS for the quarter. SFL had a return on equity of 12.58% and a net margin of 15.17%. The company had revenue of $190.90 million during the quarter, compared to analyst estimates of $184.17 million. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year.

SFL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.08 annualized dividend and a dividend yield of 9.65%. SFL’s payout ratio is 111.34%.

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.