Victory Capital Management Inc. Grows Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Victory Capital Management Inc. raised its stake in SFL Co. Ltd. (NYSE:SFL) by 2,095.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,311 shares of the shipping company’s stock after acquiring an additional 429,800 shares during the period. Victory Capital Management Inc. owned 0.32% of SFL worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in SFL by 239.3% during the third quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock worth $1,954,000 after purchasing an additional 119,131 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SFL in the third quarter valued at approximately $978,000. SBI Securities Co. Ltd. acquired a new stake in shares of SFL in the fourth quarter valued at approximately $809,000. Geode Capital Management LLC boosted its position in SFL by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock worth $16,680,000 after acquiring an additional 66,096 shares during the last quarter. Finally, Wealthstar Advisors LLC acquired a new stake in SFL during the fourth quarter worth approximately $569,000. Institutional investors and hedge funds own 28.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SFL. StockNews.com lowered shares of SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

SFL Price Performance

Shares of NYSE SFL opened at $8.34 on Friday. SFL Co. Ltd. has a 1-year low of $8.06 and a 1-year high of $14.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The business’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $10.53. The firm has a market capitalization of $1.15 billion, a PE ratio of 8.25 and a beta of 0.67.

SFL Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 12.96%. The ex-dividend date of this dividend is Wednesday, March 12th. SFL’s dividend payout ratio is presently 106.93%.

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.