Impact Partnership Wealth LLC Purchases New Stake in SFL Co. Ltd. (NYSE:SFL)

Impact Partnership Wealth LLC purchased a new stake in SFL Co. Ltd. (NYSE:SFL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,664 shares of the shipping company’s stock, valued at approximately $119,000.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in SFL by 239.3% in the third quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after acquiring an additional 119,131 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 66,096 shares during the last quarter. State Street Corp boosted its holdings in SFL by 2.5% during the third quarter. State Street Corp now owns 2,074,341 shares of the shipping company’s stock worth $24,000,000 after buying an additional 51,022 shares during the last quarter. FMR LLC boosted its holdings in SFL by 5.4% during the third quarter. FMR LLC now owns 54,392 shares of the shipping company’s stock worth $629,000 after buying an additional 2,770 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in SFL by 1,252.6% during the third quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock worth $9,388,000 after buying an additional 751,449 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

SFL Price Performance

Shares of SFL opened at $10.42 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of 9.38 and a beta of 0.67. 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’s 50-day moving average price is $10.45 and its two-hundred day moving average price is $11.14. SFL Co. Ltd. has a 1 year low of $9.64 and a 1 year high of $14.62.

SFL (NYSE:SFL) last released its quarterly earnings results on Wednesday, November 6th. The shipping company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.98 million. SFL had a return on equity of 14.61% and a net margin of 16.03%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date of this dividend was Friday, December 13th. SFL’s dividend payout ratio is currently 97.30%.

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.