Trexquant Investment LP Grows Stock Position in SFL Co. Ltd. (NYSE:SFL)

Trexquant Investment LP increased its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 38.8% in the 4th quarter, HoldingsChannel reports. The firm owned 419,945 shares of the shipping company’s stock after purchasing an additional 117,421 shares during the period. Trexquant Investment LP’s holdings in SFL were worth $4,292,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SFL. The Manufacturers Life Insurance Company increased its stake in shares of SFL by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company’s stock worth $515,000 after buying an additional 1,418 shares during the period. FMR LLC grew its holdings in SFL by 5.4% during the 3rd quarter. FMR LLC now owns 54,392 shares of the shipping company’s stock worth $629,000 after acquiring an additional 2,770 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of SFL by 2.4% in the 3rd quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company’s stock valued at $761,000 after purchasing an additional 1,515 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of SFL in the 3rd quarter valued at $142,000. Finally, Verition Fund Management LLC purchased a new stake in shares of SFL during the 3rd quarter worth $141,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut SFL from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th.

SFL Stock Performance

Shares of SFL opened at $7.19 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. SFL Co. Ltd. has a 52-week low of $7.06 and a 52-week high of $14.62. The stock has a 50 day moving average price of $9.21 and a 200 day moving average price of $10.20. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 7.11 and a beta of 0.57.

SFL Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 15.03%. SFL’s dividend payout ratio is presently 106.93%.

SFL 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.