Jackson Creek Investment Advisors LLC Takes Position in SFL Co. Ltd. (NYSE:SFL)

Jackson Creek Investment Advisors LLC purchased a new position in SFL Co. Ltd. (NYSE:SFL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 131,349 shares of the shipping company’s stock, valued at approximately $1,342,000. Jackson Creek Investment Advisors LLC owned 0.09% of SFL as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. grew its stake in SFL by 64.6% in the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 1,278 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock worth $33,000 after buying an additional 950 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of SFL during the 3rd quarter worth approximately $34,000. Quarry LP lifted its position in SFL by 428.2% during the third quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock valued at $46,000 after acquiring an additional 3,216 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in SFL in the third quarter valued at approximately $49,000. 28.59% of the stock is currently owned by institutional investors.

SFL Trading Up 2.0 %

Shares of SFL stock opened at $9.05 on Friday. The firm’s 50 day simple moving average is $10.18 and its two-hundred day simple moving average is $10.67. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.96 and a beta of 0.67. SFL Co. Ltd. has a 12-month low of $8.53 and a 12-month high of $14.62. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91.

SFL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 11.94%. The ex-dividend date is Wednesday, March 12th. SFL’s payout ratio is 106.93%.

Wall Street Analyst Weigh In

SFL has been the subject of several analyst reports. Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com cut SFL from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th.

SFL 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.