84,500 Shares in SFL Co. Ltd. (NYSE:SFL) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in SFL Co. Ltd. (NYSE:SFL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 84,500 shares of the shipping company’s stock, valued at approximately $978,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of SFL at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of SFL by 1,375.3% in the third quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock worth $50,000 after buying an additional 4,002 shares during the period. Kohmann Bosshard Financial Services LLC grew its position in SFL by 25.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock valued at $145,000 after acquiring an additional 2,500 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in SFL in the third quarter worth $168,000. nVerses Capital LLC lifted its position in shares of SFL by 2,840.0% during the third quarter. nVerses Capital LLC now owns 14,700 shares of the shipping company’s stock worth $170,000 after purchasing an additional 14,200 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new stake in shares of SFL during the third quarter valued at $176,000. Institutional investors own 28.59% of the company’s stock.

SFL Stock Performance

Shares of NYSE:SFL opened at $10.46 on Tuesday. 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 company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.50 and a beta of 0.68. The firm has a 50 day moving average of $10.98 and a 200 day moving average of $12.08. SFL Co. Ltd. has a 52 week low of $10.01 and a 52 week high of $14.62.

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

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.08 annualized dividend and a yield of 10.33%. SFL’s dividend payout ratio (DPR) is 97.30%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Pareto Securities raised shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Fearnley Fonds raised SFL from a “hold” rating to a “strong-buy” rating in a research report 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.