Brighton Jones LLC Sells 2,587 Shares of SFL Co. Ltd. (NYSE:SFL)

Brighton Jones LLC lowered its position in SFL Co. Ltd. (NYSE:SFL) by 12.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,921 shares of the shipping company’s stock after selling 2,587 shares during the period. Brighton Jones LLC’s holdings in SFL were worth $207,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC raised its position in shares of SFL by 25.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock worth $145,000 after acquiring an additional 2,500 shares in the last quarter. Marshall Wace LLP bought a new position in SFL during the 2nd quarter valued at approximately $197,000. MQS Management LLC bought a new position in SFL during the 1st quarter valued at approximately $189,000. nVerses Capital LLC increased its position in SFL by 2,840.0% during the 3rd quarter. nVerses Capital LLC now owns 14,700 shares of the shipping company’s stock valued at $170,000 after buying an additional 14,200 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in SFL during the 1st quarter valued at approximately $195,000. Institutional investors own 28.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SFL shares. Pareto Securities raised SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th.

SFL Stock Down 0.3 %

SFL stock opened at $10.83 on Monday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 11.16 and a beta of 0.67. The stock has a fifty day simple moving average of $11.40 and a two-hundred day simple moving average of $12.57. SFL Co. Ltd. has a 12 month low of $10.27 and a 12 month high of $14.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.65.

SFL (NYSE:SFL) last posted its earnings results on Wednesday, August 14th. The shipping company reported $0.16 EPS for the quarter. The business had revenue of $190.90 million during the quarter, compared to analyst estimates of $184.17 million. SFL had a return on equity of 12.58% and a net margin of 15.17%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS.

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date was Wednesday, September 11th. SFL’s payout ratio is 111.34%.

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.