Renaissance Technologies LLC Grows Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Renaissance Technologies LLC grew its holdings in shares of SFL Co. Ltd. (NYSE:SFL) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,276,865 shares of the shipping company’s stock after buying an additional 103,600 shares during the quarter. Renaissance Technologies LLC owned 0.92% of SFL worth $17,723,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in SFL by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 8,995,617 shares of the shipping company’s stock worth $124,859,000 after buying an additional 64,875 shares during the period. American Century Companies Inc. lifted its position in shares of SFL by 19.8% during the second quarter. American Century Companies Inc. now owns 2,803,656 shares of the shipping company’s stock worth $38,915,000 after purchasing an additional 462,789 shares in the last quarter. Doheny Asset Management CA lifted its position in shares of SFL by 18.1% during the second quarter. Doheny Asset Management CA now owns 307,833 shares of the shipping company’s stock worth $4,273,000 after purchasing an additional 47,116 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of SFL by 151.8% during the second quarter. Acadian Asset Management LLC now owns 321,211 shares of the shipping company’s stock worth $4,449,000 after purchasing an additional 193,648 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of SFL by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 29,908 shares of the shipping company’s stock worth $415,000 after purchasing an additional 919 shares in the last quarter. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Trading Down 0.9 %

SFL opened at $11.19 on Friday. The stock has a market capitalization of $1.55 billion, a PE ratio of 11.54 and a beta of 0.67. The firm’s fifty day moving average price is $11.76 and its 200 day moving average price is $12.88. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.34 and a quick ratio of 0.34. SFL Co. Ltd. has a 12-month low of $10.27 and a 12-month high of $14.62.

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

SFL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.08 annualized dividend and a dividend yield of 9.65%. SFL’s dividend payout ratio (DPR) is 111.34%.

Analyst Upgrades and Downgrades

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

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.