Empowered Funds LLC Acquires 35,972 Shares of SFL Co. Ltd. (NYSE:SFL)

Empowered Funds LLC increased its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,851 shares of the shipping company’s stock after buying an additional 35,972 shares during the quarter. Empowered Funds LLC owned 0.53% of SFL worth $7,541,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in SFL by 239.3% during the third quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock worth $1,954,000 after purchasing an additional 119,131 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of SFL by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock worth $16,680,000 after buying an additional 66,096 shares during the last quarter. State Street Corp grew its holdings in shares of 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 in the last quarter. FMR LLC increased its position in shares of SFL by 5.4% during the third quarter. FMR LLC now owns 54,392 shares of the shipping company’s stock valued at $629,000 after acquiring an additional 2,770 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of SFL by 1,252.6% during the third quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock valued at $9,388,000 after acquiring an additional 751,449 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

SFL Stock Performance

Shares of SFL stock opened at $10.93 on Tuesday. SFL Co. Ltd. has a 52 week low of $9.64 and a 52 week high of $14.62. The firm’s 50-day simple moving average is $10.47 and its two-hundred day simple moving average is $10.93. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 9.84 and a beta of 0.66. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

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.