Impact Partnership Wealth LLC Buys New Position in SFL Co. Ltd. (NYSE:SFL)

Impact Partnership Wealth LLC bought a new stake in SFL Co. Ltd. (NYSE:SFL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,664 shares of the shipping company’s stock, valued at approximately $119,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in SFL by 239.3% in the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after buying an additional 119,131 shares during the last quarter. Geode Capital Management LLC raised its position in SFL by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock valued at $16,680,000 after buying an additional 66,096 shares during the last quarter. State Street Corp grew its stake in SFL by 2.5% in the third quarter. State Street Corp now owns 2,074,341 shares of the shipping company’s stock valued at $24,000,000 after purchasing an additional 51,022 shares in the last quarter. FMR LLC grew its stake in SFL by 5.4% in the third quarter. FMR LLC now owns 54,392 shares of the shipping company’s stock valued at $629,000 after purchasing an additional 2,770 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in SFL by 1,252.6% in the third quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock valued at $9,388,000 after purchasing an additional 751,449 shares in the last quarter. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Stock Down 2.1 %

SFL stock opened at $10.42 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.93. The business has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $11.14. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 9.38 and a beta of 0.67. SFL Co. Ltd. has a twelve month low of $9.64 and a twelve month high of $14.62.

SFL (NYSE:SFL) last issued its earnings results on Wednesday, November 6th. The shipping company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). SFL had a return on equity of 14.61% and a net margin of 16.03%. The business had revenue of $255.30 million for the quarter, compared to the consensus estimate of $243.98 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year.

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, December 13th. This represents a $1.08 annualized dividend and a dividend yield of 10.37%. SFL’s dividend payout ratio is currently 97.30%.

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

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.