SFL (NYSE:SFL) Sets New 1-Year Low – Here’s Why

SFL Co. Ltd. (NYSE:SFL) hit a new 52-week low during trading on Thursday . The company traded as low as $7.90 and last traded at $7.98, with a volume of 273181 shares traded. The stock had previously closed at $8.24.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of SFL from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th.

SFL Trading Down 7.1 %

The company has a market cap of $1.05 billion, a P/E ratio of 7.11 and a beta of 0.57. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The firm’s 50 day moving average is $9.21 and its two-hundred day moving average is $10.21.

SFL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 15.03%. SFL’s dividend payout ratio (DPR) is 106.93%.

Institutional Trading of SFL

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of SFL by 239.3% in the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock worth $1,954,000 after purchasing an additional 119,131 shares during the period. Geode Capital Management LLC lifted its holdings in SFL by 4.8% in the third 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 period. SBI Securities Co. Ltd. bought a new stake in SFL during the fourth quarter valued at $809,000. Victory Capital Management Inc. grew its holdings in SFL by 2,095.5% during the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock worth $4,602,000 after acquiring an additional 429,800 shares during the period. Finally, Wealthstar Advisors LLC bought a new position in shares of SFL in the 4th quarter worth about $569,000. 28.59% of the stock is currently owned by institutional investors.

SFL Company 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.