Brighton Jones LLC Sells 2,587 Shares of SFL Co. Ltd. (NYSE:SFL)

Brighton Jones LLC trimmed its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,921 shares of the shipping company’s stock after selling 2,587 shares during the quarter. Brighton Jones LLC’s holdings in SFL were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of SFL by 1,252.6% in the 3rd quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock worth $9,388,000 after purchasing an additional 751,449 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of SFL by 19.8% in the 2nd 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. Russell Investments Group Ltd. boosted its holdings in shares of SFL by 61.1% in the 1st quarter. Russell Investments Group Ltd. now owns 1,067,790 shares of the shipping company’s stock worth $14,073,000 after purchasing an additional 405,152 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of SFL by 151.8% in the 2nd 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, Renaissance Technologies LLC boosted its holdings in SFL by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company’s stock valued at $17,723,000 after acquiring an additional 103,600 shares during the period. 28.59% of the stock is currently owned by institutional investors.

SFL Trading Down 0.3 %

Shares of SFL stock opened at $10.83 on Monday. The stock has a market capitalization of $1.50 billion, a PE ratio of 11.16 and a beta of 0.67. SFL Co. Ltd. has a 1-year low of $10.27 and a 1-year high of $14.62. The business has a 50-day moving average of $11.40 and a 200 day moving average of $12.57. 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 (NYSE:SFL) last released its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.16 earnings per share for the quarter. SFL had a return on equity of 12.58% and a net margin of 15.17%. The business had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $184.17 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was up 16.1% on a year-over-year basis.

SFL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 9.97%. The ex-dividend date was Wednesday, September 11th. SFL’s dividend payout ratio (DPR) is currently 111.34%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a 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.