Creative Planning Has $807,000 Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Creative Planning decreased its position in shares of SFL Co. Ltd. (NYSE:SFL) by 49.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,144 shares of the shipping company’s stock after selling 55,933 shares during the period. Creative Planning’s holdings in SFL were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC bought a new position in SFL during the first quarter worth about $33,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of SFL in the first quarter valued at approximately $139,000. MQS Management LLC bought a new stake in shares of SFL in the first quarter valued at approximately $189,000. SG Americas Securities LLC acquired a new stake in SFL during the first quarter worth approximately $195,000. Finally, Marshall Wace LLP bought a new position in SFL during the 2nd quarter worth $197,000. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Trading Up 0.6 %

Shares of SFL stock opened at $11.61 on Friday. SFL Co. Ltd. has a 1-year low of $10.27 and a 1-year high of $14.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.65. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 11.61 and a beta of 0.67. The stock has a 50-day moving average of $11.45 and a 200-day moving average of $12.70.

SFL (NYSE:SFL) last released its earnings results on Wednesday, August 14th. The shipping company reported $0.16 earnings per share for the quarter. The business had revenue of $190.90 million during the quarter, compared to the consensus estimate of $184.17 million. SFL had a net margin of 15.17% and a return on equity of 12.58%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS.

SFL Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.08 annualized dividend and a yield of 9.30%. SFL’s dividend payout ratio is currently 108.00%.

Analyst Upgrades and Downgrades

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