Advisory Services Network LLC Purchases 3,399 Shares of SFL Co. Ltd. (NYSE:SFL)

Advisory Services Network LLC boosted its position in shares of SFL Co. Ltd. (NYSE:SFLFree Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,943 shares of the shipping company’s stock after purchasing an additional 3,399 shares during the period. Advisory Services Network LLC’s holdings in SFL were worth $180,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SFL. Tennessee Valley Asset Management Partners bought a new position in SFL during the 4th quarter worth about $25,000. EMC Capital Management increased its holdings in SFL by 746.4% during the 3rd quarter. EMC Capital Management now owns 8,887 shares of the shipping company’s stock worth $99,000 after purchasing an additional 7,837 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of SFL in the 4th quarter valued at about $119,000. PNC Financial Services Group Inc. grew its holdings in shares of SFL by 2,191.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,632 shares of the shipping company’s stock valued at $152,000 after acquiring an additional 13,037 shares in the last quarter. Finally, Naples Money Management LLC bought a new position in shares of SFL in the 4th quarter valued at about $168,000. Institutional investors own 28.59% of the company’s stock.

SFL Trading Down 1.7 %

SFL stock opened at $13.83 on Friday. SFL Co. Ltd. has a 52 week low of $9.03 and a 52 week high of $14.62. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $1.92 billion, a P/E ratio of 14.25 and a beta of 0.66. The stock has a 50-day simple moving average of $13.54 and a 200 day simple moving average of $12.63.

SFL (NYSE:SFLGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.37 EPS for the quarter. SFL had a return on equity of 11.47% and a net margin of 15.21%. The business had revenue of $229.06 million during the quarter.

SFL Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.08 dividend on an annualized basis and a yield of 7.81%. This is a boost from SFL’s previous quarterly dividend of $0.26. SFL’s dividend payout ratio (DPR) is presently 111.34%.

Analyst Upgrades and Downgrades

SFL has been the subject of several analyst reports. StockNews.com upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. BTIG Research raised their price objective on SFL from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Check Out Our Latest Research Report on SFL

SFL Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SFL (NYSE:SFL)

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