GoalVest Advisory LLC Makes New $33,000 Investment in SFL Co. Ltd. (NYSE:SFL)

GoalVest Advisory LLC acquired a new stake in SFL Co. Ltd. (NYSE:SFL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,500 shares of the shipping company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new stake in SFL in the 4th quarter valued at $25,000. Aigen Investment Management LP acquired a new stake in shares of SFL in the fourth quarter valued at about $119,000. PNC Financial Services Group Inc. increased its stake in shares of SFL by 2,191.1% during the third quarter. PNC Financial Services Group Inc. now owns 13,632 shares of the shipping company’s stock worth $152,000 after purchasing an additional 13,037 shares in the last quarter. Naples Money Management LLC acquired a new position in shares of SFL during the 4th quarter worth about $168,000. Finally, Advisory Services Network LLC lifted its stake in SFL by 27.1% in the 4th quarter. Advisory Services Network LLC now owns 15,943 shares of the shipping company’s stock valued at $180,000 after buying an additional 3,399 shares in the last quarter. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Trading Up 0.4 %

Shares of SFL stock opened at $13.87 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $13.73 and its 200-day simple moving average is $12.87. The stock has a market cap of $1.92 billion, a P/E ratio of 14.30 and a beta of 0.66. SFL Co. Ltd. has a 1-year low of $9.03 and a 1-year high of $14.62.

SFL (NYSE:SFL) last released its quarterly earnings data on Tuesday, May 14th. The shipping company reported $0.37 earnings per share for the quarter. SFL had a return on equity of 11.47% and a net margin of 15.21%. The company had revenue of $229.06 million for the quarter.

SFL Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th were given a dividend of $0.27 per share. This is a boost from SFL’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 7.79%. The ex-dividend date was Friday, May 24th. SFL’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SFL shares. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. BTIG Research boosted their price target on SFL from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SFL currently has an average rating of “Moderate Buy” and an average target price of $12.33.

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.