Dimensional Fund Advisors LP Purchases 64,875 Shares of SFL Co. Ltd. (NYSE:SFL)

Dimensional Fund Advisors LP grew its position in shares of SFL Co. Ltd. (NYSE:SFL) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,995,617 shares of the shipping company’s stock after acquiring an additional 64,875 shares during the quarter. Dimensional Fund Advisors LP owned about 6.49% of SFL worth $124,859,000 at the end of the most recent reporting period.

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

SFL Stock Down 0.9 %

NYSE SFL opened at $11.19 on Monday. The business’s fifty day simple moving average is $11.76 and its 200-day simple moving average is $12.87. 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 firm has a market cap of $1.55 billion, a PE ratio of 11.54 and a beta of 0.67. SFL Co. Ltd. has a 52 week low of $10.27 and a 52 week high of $14.62.

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

SFL Announces Dividend

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

Analyst Ratings Changes

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

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.