82,059 Shares in SFL Co. Ltd. (NYSE:SFL) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of SFL Co. Ltd. (NYSE:SFL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,059 shares of the shipping company’s stock, valued at approximately $1,139,000. Edgestream Partners L.P. owned about 0.06% of SFL at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Albert D Mason Inc. raised its stake in shares of SFL by 1.5% during the second quarter. Albert D Mason Inc. now owns 51,472 shares of the shipping company’s stock worth $714,000 after buying an additional 777 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SFL by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 29,908 shares of the shipping company’s stock worth $415,000 after buying an additional 919 shares during the last quarter. ProShare Advisors LLC increased its stake in SFL by 8.5% in the first quarter. ProShare Advisors LLC now owns 20,699 shares of the shipping company’s stock valued at $273,000 after purchasing an additional 1,629 shares in the last quarter. GoalVest Advisory LLC bought a new stake in SFL in the first quarter valued at approximately $33,000. Finally, Advisory Services Network LLC increased its stake in SFL by 27.1% in the fourth quarter. Advisory Services Network LLC now owns 15,943 shares of the shipping company’s stock valued at $180,000 after purchasing an additional 3,399 shares in the last quarter. 28.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SFL shares. Pareto Securities raised shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. StockNews.com raised shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th.

SFL Stock Down 0.9 %

Shares of NYSE:SFL opened at $11.19 on Friday. The company has a market capitalization of $1.55 billion, a PE ratio of 11.56 and a beta of 0.67. SFL Co. Ltd. has a 52 week low of $10.27 and a 52 week high of $14.62. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.34 and a current ratio of 0.34. The company has a 50 day moving average price of $11.80 and a two-hundred day moving average price of $12.90.

SFL (NYSE:SFL) last released its quarterly 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 analysts’ expectations of $184.17 million. SFL had a net margin of 15.17% and a return on equity of 12.58%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share.

SFL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 9.65%. The ex-dividend date of this dividend is Wednesday, September 11th. SFL’s dividend payout ratio (DPR) is presently 111.34%.

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.