Albert D Mason Inc. Increases Stake in SFL Co. Ltd. (NYSE:SFL)

Albert D Mason Inc. grew its position in SFL Co. Ltd. (NYSE:SFL) by 11.1% during the 4th quarter, Holdings Channel reports. The fund owned 95,389 shares of the shipping company’s stock after buying an additional 9,504 shares during the quarter. Albert D Mason Inc.’s holdings in SFL were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SFL. Geode Capital Management LLC boosted its holdings in SFL by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock valued at $16,680,000 after purchasing an additional 66,096 shares in the last quarter. Barclays PLC boosted its stake in shares of SFL by 239.3% in the third 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new position in SFL during the third quarter worth $34,000. Y Intercept Hong Kong Ltd purchased a new position in SFL in the third quarter worth $296,000. Finally, State Street Corp lifted its holdings in SFL by 2.5% in the third quarter. State Street Corp now owns 2,074,341 shares of the shipping company’s stock valued at $24,000,000 after acquiring an additional 51,022 shares during the period. 28.59% of the stock is currently owned by institutional investors and hedge funds.

SFL Price Performance

Shares of NYSE:SFL opened at $10.87 on Friday. SFL Co. Ltd. has a 12 month low of $9.64 and a 12 month high of $14.62. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.79 and a beta of 0.67. The business’s 50 day simple moving average is $10.42 and its 200-day simple moving average is $11.26. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50.

SFL (NYSE:SFL) last posted its earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The firm had revenue of $255.30 million during the quarter, compared to analyst estimates of $243.98 million. During the same period last year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 9.94%. The ex-dividend date of this dividend was Friday, December 13th. SFL’s dividend payout ratio (DPR) is presently 97.30%.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds raised shares of SFL from a “hold” rating to a “strong-buy” rating in a research note 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.