Baird Financial Group Inc. Sells 20,198 Shares of SFL Co. Ltd. (NYSE:SFL)

Baird Financial Group Inc. trimmed its holdings in SFL Co. Ltd. (NYSE:SFLGet Rating) by 17.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,964 shares of the shipping company’s stock after selling 20,198 shares during the quarter. Baird Financial Group Inc.’s holdings in SFL were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Venture Visionary Partners LLC acquired a new position in SFL during the 2nd quarter worth approximately $26,000. Federated Hermes Inc. raised its stake in shares of SFL by 125.3% in the first quarter. Federated Hermes Inc. now owns 2,854 shares of the shipping company’s stock worth $29,000 after purchasing an additional 1,587 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of SFL by 58.5% in the first quarter. Captrust Financial Advisors now owns 4,256 shares of the shipping company’s stock valued at $43,000 after acquiring an additional 1,570 shares in the last quarter. Tiedemann Advisors LLC bought a new position in shares of SFL in the second quarter valued at approximately $95,000. Finally, HighTower Advisors LLC bought a new position in shares of SFL in the first quarter valued at approximately $126,000. 32.60% of the stock is owned by institutional investors and hedge funds.

SFL Stock Down 0.1 %

Shares of NYSE:SFL opened at $10.07 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.37 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.40 billion, a P/E ratio of 5.47 and a beta of 0.79. SFL Co. Ltd. has a 12-month low of $7.64 and a 12-month high of $11.60. The stock’s 50-day moving average price is $9.91 and its 200-day moving average price is $10.16.

SFL (NYSE:SFLGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The shipping company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.12. SFL had a return on equity of 15.61% and a net margin of 37.53%. The business had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $149.73 million. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities analysts anticipate that SFL Co. Ltd. will post 1.2 earnings per share for the current year.

SFL Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 14th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.14%. SFL’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

SFL has been the subject of several research reports. initiated coverage on SFL in a report on Wednesday, October 12th. They set a “hold” rating for the company. DNB Markets upgraded SFL from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th.

SFL Profile

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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 is also involved in the charter, purchase, and sale of assets. In addition, it operates in various sectors of the maritime, and shipping and offshore industries, including oil, chemical, oil product, container, and car transportation, as well as dry bulk shipments and drilling rigs.

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Institutional Ownership by Quarter for SFL (NYSE:SFL)

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