Marshall Wace LLP Purchases New Stake in SFL Co. Ltd. (NYSE:SFL)

Marshall Wace LLP purchased a new stake in SFL Co. Ltd. (NYSE:SFL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,222 shares of the shipping company’s stock, valued at approximately $197,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in shares of SFL during the first quarter worth $33,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of SFL during the first quarter worth $139,000. MQS Management LLC acquired a new stake in shares of SFL during the first quarter worth $189,000. SG Americas Securities LLC acquired a new stake in shares of SFL in the 1st quarter worth about $195,000. Finally, Virtu Financial LLC acquired a new stake in shares of SFL in the 4th quarter worth about $200,000. 28.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

SFL Stock Up 0.6 %

SFL stock opened at $11.61 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.65. SFL Co. Ltd. has a fifty-two week low of $10.27 and a fifty-two week high of $14.62. The firm’s 50-day simple moving average is $11.45 and its 200 day simple moving average is $12.70. The stock has a market cap of $1.61 billion, a PE ratio of 11.61 and a beta of 0.67.

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

SFL Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.08 dividend on an annualized basis and a yield of 9.30%. SFL’s dividend payout ratio is presently 108.00%.

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.