SFL Co. Ltd. (NYSE:SFL) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in SFL Co. Ltd. (NYSE:SFL) by 64.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,257 shares of the shipping company’s stock after buying an additional 1,278 shares during the period. Blue Trust Inc.’s holdings in SFL were worth $33,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in SFL by 239.3% during the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after acquiring an additional 119,131 shares in the last quarter. Geode Capital Management LLC increased its position in shares of SFL by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock worth $16,680,000 after acquiring an additional 66,096 shares in the last quarter. State Street Corp boosted its position in shares of SFL by 2.5% in the third quarter. State Street Corp now owns 2,074,341 shares of the shipping company’s stock worth $24,000,000 after buying an additional 51,022 shares during the period. FMR LLC grew its stake in SFL by 5.4% during the 3rd quarter. FMR LLC now owns 54,392 shares of the shipping company’s stock valued at $629,000 after acquiring an additional 2,770 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in SFL by 1,252.6% in the 3rd quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock worth $9,388,000 after buying an additional 751,449 shares in the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Fearnley Fonds raised SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

SFL Stock Performance

Shares of SFL opened at $10.93 on Tuesday. The company has a market capitalization of $1.51 billion, a PE ratio of 9.84 and a beta of 0.66. The company’s fifty day moving average price is $10.47 and its 200 day moving average price is $10.93. SFL Co. Ltd. has a one year low of $9.64 and a one year high of $14.62. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50.

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.