14,889 Shares in SFL Co. Ltd. (NYSE:SFL) Acquired by Naples Money Management LLC

Naples Money Management LLC purchased a new stake in SFL Co. Ltd. (NYSE:SFL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,889 shares of the shipping company’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tennessee Valley Asset Management Partners acquired a new stake in shares of SFL during the fourth quarter worth $25,000. Federated Hermes Inc. raised its holdings in SFL by 125.3% during the 1st quarter. Federated Hermes Inc. now owns 2,854 shares of the shipping company’s stock worth $29,000 after buying an additional 1,587 shares during the period. Tower Research Capital LLC TRC raised its holdings in SFL by 139.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,069 shares of the shipping company’s stock worth $29,000 after buying an additional 1,789 shares during the period. Advisory Services Network LLC lifted its stake in SFL by 131.8% during the first quarter. Advisory Services Network LLC now owns 4,182 shares of the shipping company’s stock valued at $40,000 after buying an additional 2,378 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of SFL by 58.5% in the first quarter. Captrust Financial Advisors now owns 4,256 shares of the shipping company’s stock worth $43,000 after buying an additional 1,570 shares during the period. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Stock Up 2.0 %

Shares of SFL traded up $0.25 during trading hours on Friday, reaching $12.72. The company’s stock had a trading volume of 537,151 shares, compared to its average volume of 733,527. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 1.65. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 19.15 and a beta of 0.66. The company has a 50 day moving average of $13.01 and a two-hundred day moving average of $11.95. SFL Co. Ltd. has a 1-year low of $8.43 and a 1-year high of $13.74.

SFL (NYSE:SFL) last released its quarterly earnings data on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The firm had revenue of $209.57 million for the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.26 per share. This is a boost from SFL’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 8.18%. SFL’s dividend payout ratio (DPR) is presently 157.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SFL shares. BTIG Research boosted their price target on shares of SFL from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com downgraded shares of SFL from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, SFL presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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.