Victory Capital Management Inc. Has $237,000 Stake in SFL Co. Ltd. (NYSE:SFL)

Victory Capital Management Inc. lifted its position in SFL Co. Ltd. (NYSE:SFL) by 11.4% in the third quarter, HoldingsChannel.com reports. The firm owned 20,511 shares of the shipping company’s stock after acquiring an additional 2,104 shares during the period. Victory Capital Management Inc.’s holdings in SFL were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SFL. Albert D Mason Inc. grew its holdings in shares of 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% during the second quarter. Commonwealth Equity Services LLC now owns 29,908 shares of the shipping company’s stock worth $415,000 after purchasing an additional 919 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of SFL by 6.8% during the second quarter. Brighton Jones LLC now owns 20,508 shares of the shipping company’s stock worth $285,000 after purchasing an additional 1,301 shares during the last quarter. Kohmann Bosshard Financial Services LLC grew its holdings in shares of SFL by 25.0% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock worth $145,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of SFL by 1,375.3% during the third quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock worth $50,000 after purchasing an additional 4,002 shares during the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SFL has been the topic of several research analyst reports. Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th.

SFL Trading Up 0.2 %

NYSE SFL opened at $10.52 on Friday. The stock’s 50-day moving average is $10.98 and its 200-day moving average is $12.11. SFL Co. Ltd. has a one year low of $10.01 and a one year high of $14.62. The firm has a market cap of $1.46 billion, a P/E ratio of 9.48 and a beta of 0.68. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50.

SFL (NYSE:SFL) last announced its earnings results 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). The firm had revenue of $255.30 million during the quarter, compared to analyst estimates of $243.98 million. SFL had a net margin of 16.03% and a return on equity of 14.61%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS.

SFL Dividend Announcement

The firm 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. The ex-dividend date is Friday, December 13th. This represents a $1.08 annualized dividend and a dividend yield of 10.27%. SFL’s dividend payout ratio is currently 97.30%.

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.