Virtu Financial LLC Takes Position in SFL Co. Ltd. (NYSE:SFL)

Virtu Financial LLC acquired a new position in SFL Co. Ltd. (NYSE:SFL) in the 4th quarter, HoldingsChannel reports. The fund acquired 37,603 shares of the shipping company’s stock, valued at approximately $384,000.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of SFL by 831.8% in the fourth quarter. Signaturefd LLC now owns 2,870 shares of the shipping company’s stock worth $29,000 after purchasing an additional 2,562 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,278 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock worth $33,000 after buying an additional 950 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in SFL in the third quarter valued at $34,000. Finally, Quarry LP raised its holdings in shares of SFL by 428.2% during the 3rd quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock valued at $46,000 after buying an additional 3,216 shares in the last quarter. Hedge funds and other institutional investors own 28.59% of the company’s stock.

SFL Price Performance

SFL opened at $8.19 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. SFL Co. Ltd. has a 1 year low of $8.06 and a 1 year high of $14.62. The stock’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $10.35. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 8.10 and a beta of 0.67.

SFL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 13.19%. The ex-dividend date is Wednesday, March 12th. SFL’s payout ratio is 106.93%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th.

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.