SFL (NYSE:SFL) Sets New 1-Year High at $13.77

SFL Co. Ltd. (NYSE:SFL)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $13.77 and last traded at $13.76, with a volume of 169492 shares. The stock had previously closed at $13.54.

Wall Street Analyst Weigh In

SFL has been the subject of a number of research reports. BTIG Research upped their price objective on shares of SFL from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. StockNews.com cut shares of SFL from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, SFL presently has a consensus rating of “Hold” and an average target price of $12.00.

SFL Stock Up 1.2 %

The company has a market cap of $1.90 billion, a PE ratio of 20.77 and a beta of 0.65. The stock’s 50 day moving average price is $13.15 and its 200-day moving average price is $12.14. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.30 and a current ratio of 0.31.

SFL (NYSE:SFL) last announced its quarterly earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The business had revenue of $209.57 million during the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 annualized dividend and a yield of 7.59%. This is a boost from SFL’s previous quarterly dividend of $0.25. SFL’s dividend payout ratio is presently 157.58%.

Institutional Investors Weigh In On SFL

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of SFL by 9.3% during the 3rd quarter. American Century Companies Inc. now owns 1,556,099 shares of the shipping company’s stock valued at $17,351,000 after acquiring an additional 131,903 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of SFL by 1,021.5% in the fourth quarter. International Assets Investment Management LLC now owns 657,672 shares of the shipping company’s stock worth $7,419,000 after buying an additional 599,029 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SFL by 23.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 498,249 shares of the shipping company’s stock worth $5,555,000 after buying an additional 95,502 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of SFL by 10.4% in the third quarter. Federated Hermes Inc. now owns 27,053 shares of the shipping company’s stock worth $302,000 after buying an additional 2,547 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SFL by 64.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,437,802 shares of the shipping company’s stock worth $16,218,000 after buying an additional 564,675 shares during the last quarter. Hedge funds and other institutional investors own 28.59% of the company’s stock.

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.