SFL (NYSE:SFL) Stock Rating Upgraded by Fearnley Fonds

SFL (NYSE:SFL) was upgraded by investment analysts at Fearnley Fonds from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

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

SFL Stock Up 1.0 %

Shares of SFL stock opened at $11.00 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.93. SFL has a 1 year low of $10.01 and a 1 year high of $14.62. The stock has a 50-day moving average price of $11.05 and a 200 day moving average price of $12.23. The company has a market cap of $1.52 billion, a P/E ratio of 9.91 and a beta of 0.68.

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

Institutional Trading of SFL

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in SFL in the 3rd quarter valued at $34,000. Quarry LP grew its position in shares of SFL by 428.2% in the third quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 3,216 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of SFL in the third quarter valued at about $49,000. Farther Finance Advisors LLC lifted its position in shares of SFL by 1,375.3% during the 3rd 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. Finally, Millburn Ridgefield Corp acquired a new position in shares of SFL during the 3rd quarter worth about $92,000. Institutional investors and hedge funds own 28.59% of the company’s stock.

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.