SFL Co. Ltd. (NYSE:SFL) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,785 shares of the shipping company’s stock after purchasing an additional 1,515 shares during the period. MetLife Investment Management LLC’s holdings in SFL were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of SFL by 1,252.6% during the third quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock valued at $9,388,000 after acquiring an additional 751,449 shares during the last quarter. American Century Companies Inc. raised its stake in SFL by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 2,803,656 shares of the shipping company’s stock valued at $38,915,000 after purchasing an additional 462,789 shares during the last quarter. Acadian Asset Management LLC boosted its stake in SFL by 151.8% during the 2nd quarter. Acadian Asset Management LLC now owns 321,211 shares of the shipping company’s stock worth $4,449,000 after purchasing an additional 193,648 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of SFL by 8.8% during the second quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company’s stock worth $17,723,000 after buying an additional 103,600 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of SFL by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,348,021 shares of the shipping company’s stock valued at $17,767,000 after buying an additional 89,300 shares during the last quarter. 28.59% of the stock is owned by hedge funds and other institutional investors.

SFL Trading Down 0.9 %

Shares of SFL stock opened at $10.47 on Friday. SFL Co. Ltd. has a fifty-two week low of $10.01 and a fifty-two week high of $14.62. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.43 and a beta of 0.67. The stock has a 50 day moving average of $10.89 and a 200 day moving average of $11.97.

SFL (NYSE:SFL) last issued its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $255.30 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share.

SFL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.32%. SFL’s payout ratio is currently 97.30%.

Analyst Ratings Changes

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