StockNews.com Downgrades SFL (NYSE:SFL) to Sell

SFL (NYSE:SFL) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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

SFL Trading Down 4.1 %

Shares of SFL stock opened at $9.44 on Thursday. The company’s 50-day moving average price is $10.43 and its 200-day moving average price is $10.90. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.93. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 8.50 and a beta of 0.66. SFL has a twelve month low of $9.43 and a twelve month high of $14.62.

Hedge Funds Weigh In On SFL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in SFL by 17.5% in the fourth quarter. Northern Trust Corp now owns 910,484 shares of the shipping company’s stock valued at $9,305,000 after purchasing an additional 135,768 shares in the last quarter. Nebula Research & Development LLC boosted its holdings in shares of SFL by 10.9% in the fourth quarter. Nebula Research & Development LLC now owns 44,703 shares of the shipping company’s stock valued at $457,000 after acquiring an additional 4,401 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of SFL by 28.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,680 shares of the shipping company’s stock valued at $518,000 after acquiring an additional 11,183 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of SFL in the fourth quarter valued at approximately $649,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of SFL by 19.6% in the fourth quarter. MetLife Investment Management LLC now owns 78,686 shares of the shipping company’s stock valued at $804,000 after acquiring an additional 12,901 shares during the period. 28.59% of the stock is owned by institutional investors and hedge funds.

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.