GSA Capital Partners LLP Makes New Investment in SFL Co. Ltd. (NYSE:SFL)

GSA Capital Partners LLP acquired a new position in SFL Co. Ltd. (NYSE:SFL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,530 shares of the shipping company’s stock, valued at approximately $168,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in 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 valued at $9,388,000 after purchasing an additional 751,449 shares during the period. American Century Companies Inc. grew its position in 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. Acadian Asset Management LLC grew its holdings in shares of SFL by 151.8% in the second quarter. Acadian Asset Management LLC now owns 321,211 shares of the shipping company’s stock valued at $4,449,000 after acquiring an additional 193,648 shares in the last quarter. Renaissance Technologies LLC boosted its position in SFL by 8.8% in the second quarter. Renaissance Technologies LLC now owns 1,276,865 shares of the shipping company’s stock worth $17,723,000 after purchasing an additional 103,600 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in SFL by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,348,021 shares of the shipping company’s stock worth $17,767,000 after buying an additional 89,300 shares during the last quarter. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Price Performance

Shares of NYSE SFL opened at $10.99 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50. SFL Co. Ltd. has a fifty-two week low of $10.01 and a fifty-two week high of $14.62. The stock has a market cap of $1.52 billion, a PE ratio of 9.90 and a beta of 0.68. The stock has a fifty day moving average of $11.05 and a 200-day moving average of $12.21.

SFL (NYSE:SFL) last posted its earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The company had revenue of $255.30 million for the quarter, compared to analysts’ expectations of $243.98 million. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.83%. SFL’s dividend payout ratio (DPR) is presently 97.30%.

Wall Street Analyst Weigh In

SFL has been the topic of several research reports. Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Pareto Securities raised shares of SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th.

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.