International Assets Investment Management LLC Sells 737,136 Shares of SFL Co. Ltd. (NYSE:SFL)

International Assets Investment Management LLC decreased its position in SFL Co. Ltd. (NYSE:SFL) by 90.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,303 shares of the shipping company’s stock after selling 737,136 shares during the quarter. International Assets Investment Management LLC’s holdings in SFL were worth $775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its stake in SFL by 239.3% in the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after buying an additional 119,131 shares during the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 66,096 shares during the period. Renaissance Technologies LLC lifted its position in shares of SFL by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company’s stock worth $17,723,000 after purchasing an additional 103,600 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 valued at $4,449,000 after purchasing an additional 193,648 shares during the period. Finally, American Century Companies Inc. grew its holdings 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 buying an additional 462,789 shares during the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Stock Up 0.9 %

SFL stock opened at $10.61 on Friday. The business’s 50-day simple moving average is $10.37 and its 200 day simple moving average is $11.38. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.93. SFL Co. Ltd. has a twelve month low of $9.64 and a twelve month high of $14.62. The company has a market cap of $1.47 billion, a PE ratio of 9.56 and a beta of 0.67.

SFL (NYSE:SFL) last issued its 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). SFL had a return on equity of 14.61% and a net margin of 16.03%. The firm had revenue of $255.30 million during the quarter, compared to the consensus estimate of $243.98 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year.

SFL Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.27 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.08 dividend on an annualized basis and a yield of 10.18%. SFL’s payout ratio is currently 97.30%.

Wall Street Analysts Forecast Growth

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

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.