SFL (NYSE:SFL) Sets New 12-Month Low – Time to Sell?

SFL Co. Ltd. (NYSE:SFL)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $8.48 and last traded at $8.51, with a volume of 535372 shares traded. The stock had previously closed at $8.74.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SFL shares. StockNews.com downgraded 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 report on Thursday, November 21st.

SFL Stock Down 3.0 %

The business has a 50-day moving average price of $10.13 and a 200 day moving average price of $10.62. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.17 billion, a P/E ratio of 8.40 and a beta of 0.67.

SFL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a yield of 12.74%. SFL’s dividend payout ratio (DPR) is currently 106.93%.

Institutional Trading of SFL

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in SFL by 1,375.3% in the third quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock worth $50,000 after acquiring an additional 4,002 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of SFL in the 3rd quarter valued at approximately $168,000. Victory Capital Management Inc. boosted its holdings in shares of SFL by 11.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,511 shares of the shipping company’s stock worth $237,000 after purchasing an additional 2,104 shares during the period. Empowered Funds LLC increased its position in shares of SFL by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 701,879 shares of the shipping company’s stock valued at $8,121,000 after purchasing an additional 35,778 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in SFL during the 3rd quarter valued at $357,000. 28.59% of the stock is currently owned by institutional investors.

About SFL

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.