SFL (NYSE:SFL) Sets New 1-Year High at $13.77

SFL Co. Ltd. (NYSE:SFL) hit a new 52-week high on Tuesday . The stock traded as high as $13.77 and last traded at $13.76, with a volume of 169492 shares changing hands. The stock had previously closed at $13.54.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com cut SFL from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. BTIG Research lifted their price target on SFL from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.00.

SFL Trading Up 1.2 %

The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 20.77 and a beta of 0.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.31 and a quick ratio of 0.30. The firm’s 50-day simple moving average is $13.15 and its 200 day simple moving average is $12.14.

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

SFL Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is a boost from SFL’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 7.59%. The ex-dividend date was Thursday, March 14th. SFL’s payout ratio is 157.58%.

Institutional Trading of SFL

Institutional investors have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC acquired a new stake in SFL during the 1st quarter valued at approximately $276,000. SG Americas Securities LLC acquired a new stake in shares of SFL during the first quarter worth $195,000. Empowered Funds LLC raised its stake in SFL by 8.2% during the first quarter. Empowered Funds LLC now owns 618,041 shares of the shipping company’s stock worth $8,146,000 after buying an additional 46,834 shares during the last quarter. Quantbot Technologies LP acquired a new position in SFL in the first quarter valued at $528,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in SFL during the first quarter valued at $139,000. Institutional investors 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.