MQS Management LLC Purchases 25,209 Shares of SFL Co. Ltd. (NYSE:SFL)

MQS Management LLC boosted its position in SFL Co. Ltd. (NYSE:SFL) by 175.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,568 shares of the shipping company’s stock after purchasing an additional 25,209 shares during the period. MQS Management LLC’s holdings in SFL were worth $549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in SFL by 19.8% during the second quarter. American Century Companies Inc. now owns 2,803,656 shares of the shipping company’s stock valued at $38,915,000 after buying an additional 462,789 shares during the period. Russell Investments Group Ltd. lifted its position in SFL by 61.1% during the first quarter. Russell Investments Group Ltd. now owns 1,067,790 shares of the shipping company’s stock valued at $14,073,000 after purchasing an additional 405,152 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SFL by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,803,647 shares of the shipping company’s stock worth $99,306,000 after buying an additional 226,432 shares during the period. Acadian Asset Management LLC lifted its position in shares of SFL by 151.8% during the 2nd quarter. Acadian Asset Management LLC now owns 321,211 shares of the shipping company’s stock valued at $4,449,000 after buying an additional 193,648 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in SFL by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company’s stock worth $17,723,000 after acquiring an additional 103,600 shares during the period. Hedge funds and other institutional investors own 28.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SFL shares. StockNews.com raised shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

SFL Stock Up 0.0 %

NYSE SFL opened at $11.11 on Thursday. SFL Co. Ltd. has a 12 month low of $10.27 and a 12 month high of $14.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.65. The stock has a market cap of $1.54 billion, a PE ratio of 11.45 and a beta of 0.67. The stock’s 50 day moving average is $11.87 and its 200 day moving average is $12.92.

SFL (NYSE:SFL) last issued its earnings results on Wednesday, August 14th. The shipping company reported $0.16 earnings per share for the quarter. The firm had revenue of $190.90 million during the quarter, compared to analyst estimates of $184.17 million. SFL had a net margin of 15.17% and a return on equity of 12.58%. SFL’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share.

SFL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date of this dividend is Wednesday, September 11th. SFL’s dividend payout ratio (DPR) is presently 111.34%.

About SFL

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.