Sigma Planning Corp Has $240,000 Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Sigma Planning Corp lowered its position in shares of SFL Co. Ltd. (NYSE:SFL) by 73.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,761 shares of the shipping company’s stock after selling 57,485 shares during the quarter. Sigma Planning Corp’s holdings in SFL were worth $240,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Albert D Mason Inc. boosted its holdings in SFL by 1.5% during the second quarter. Albert D Mason Inc. now owns 51,472 shares of the shipping company’s stock worth $714,000 after purchasing an additional 777 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of SFL by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,908 shares of the shipping company’s stock valued at $415,000 after acquiring an additional 919 shares in the last quarter. Brighton Jones LLC increased its position in shares of SFL by 6.8% in the second quarter. Brighton Jones LLC now owns 20,508 shares of the shipping company’s stock valued at $285,000 after acquiring an additional 1,301 shares during the last quarter. ProShare Advisors LLC raised its holdings in SFL by 8.5% during the first quarter. ProShare Advisors LLC now owns 20,699 shares of the shipping company’s stock worth $273,000 after acquiring an additional 1,629 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC boosted its position in SFL by 25.0% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 2,500 shares during the last quarter. 28.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

SFL Stock Down 1.3 %

Shares of SFL stock opened at $10.39 on Friday. SFL Co. Ltd. has a 52-week low of $10.01 and a 52-week high of $14.62. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 9.36 and a beta of 0.68. The firm’s 50-day moving average is $11.07 and its 200-day moving average is $12.32. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50.

SFL (NYSE:SFL) last released its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The business had revenue of $255.30 million during the quarter, compared to analyst estimates of $243.98 million. During the same period in the previous year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis.

SFL Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date of this dividend is Friday, December 13th. SFL’s dividend payout ratio is presently 97.30%.

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.