SG Americas Securities LLC Has $529,000 Stake in SFL Co. Ltd. (NYSE:SFL)

SG Americas Securities LLC raised its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 75.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,749 shares of the shipping company’s stock after buying an additional 22,294 shares during the period. SG Americas Securities LLC’s holdings in SFL were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SFL. Public Employees Retirement System of Ohio acquired a new position in SFL during the 3rd quarter worth $34,000. Quarry LP increased its stake in shares of SFL by 428.2% in the third quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock worth $46,000 after purchasing an additional 3,216 shares during the period. Point72 DIFC Ltd acquired a new position in shares of SFL during the 3rd quarter worth about $49,000. Farther Finance Advisors LLC boosted its stake in SFL by 1,375.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 4,002 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in SFL in the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Stock Down 1.7 %

NYSE SFL opened at $10.56 on Friday. SFL Co. Ltd. has a twelve month low of $9.64 and a twelve month high of $14.62. The stock has a market cap of $1.46 billion, a PE ratio of 9.51 and a beta of 0.67. The firm has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $11.06. 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 (NYSE:SFL) last announced its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.98 million. SFL had a return on equity of 14.61% and a net margin of 16.03%. SFL’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 10.23%. The ex-dividend date was Friday, December 13th. SFL’s dividend payout ratio (DPR) is presently 97.30%.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds upgraded shares of SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

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.