Brighton Jones LLC Boosts Stake in SFL Co. Ltd. (NYSE:SFL)

Brighton Jones LLC boosted its stake in SFL Co. Ltd. (NYSE:SFL) by 6.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,508 shares of the shipping company’s stock after buying an additional 1,301 shares during the quarter. Brighton Jones LLC’s holdings in SFL were worth $285,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SFL. GoalVest Advisory LLC purchased a new position in shares of SFL during the 1st quarter worth $33,000. Aigen Investment Management LP purchased a new position in shares of SFL in the 4th quarter worth $119,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of SFL in the 1st quarter worth $139,000. Advisory Services Network LLC raised its position in shares of SFL by 27.1% in the 4th quarter. Advisory Services Network LLC now owns 15,943 shares of the shipping company’s stock worth $180,000 after buying an additional 3,399 shares during the period. Finally, Waterloo Capital L.P. purchased a new position in shares of SFL in the 4th quarter worth $182,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.

SFL Stock Down 0.9 %

Shares of NYSE SFL opened at $11.19 on Monday. SFL Co. Ltd. has a 12-month low of $10.27 and a 12-month high of $14.62. The company has a market cap of $1.55 billion, a P/E ratio of 11.54 and a beta of 0.67. 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 fifty day moving average price of $11.76 and a 200 day moving average price of $12.87.

SFL (NYSE:SFL) last announced its earnings results on Wednesday, August 14th. The shipping company reported $0.16 earnings per share for the quarter. The company had revenue of $190.90 million during the quarter, compared to the consensus estimate of $184.17 million. SFL had a return on equity of 12.58% and a net margin of 15.17%. The company’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm 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. Stockholders of record on Wednesday, September 11th will be paid 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 is presently 111.34%.

Analyst Ratings Changes

SFL has been the topic of several research reports. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. Pareto Securities raised SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th.

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.