SFL (NYSE:SFL) Reaches New 12-Month High at $12.97

SFL Co. Ltd. (NYSE:SFLGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $12.97 and last traded at $12.96, with a volume of 327757 shares trading hands. The stock had previously closed at $12.94.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of SFL from a “hold” rating to a “buy” rating in a report on Friday, February 16th.

View Our Latest Report on SFL

SFL Stock Up 1.1 %

The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 1.65. The company’s fifty day moving average is $11.97 and its 200-day moving average is $11.34. The company has a market cap of $1.83 billion, a PE ratio of 19.97 and a beta of 0.65.

SFL Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Thursday, March 14th. This is a boost from SFL’s previous quarterly dividend of $0.25. SFL’s dividend payout ratio (DPR) is currently 157.58%.

Institutional Trading of SFL

Several institutional investors and hedge funds have recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in SFL in the 4th quarter valued at $25,000. Federated Hermes Inc. increased its holdings in SFL by 125.3% in the 1st quarter. Federated Hermes Inc. now owns 2,854 shares of the shipping company’s stock valued at $29,000 after acquiring an additional 1,587 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in SFL by 139.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,069 shares of the shipping company’s stock valued at $29,000 after acquiring an additional 1,789 shares during the last quarter. Advisory Services Network LLC increased its holdings in SFL by 131.8% in the 1st quarter. Advisory Services Network LLC now owns 4,182 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 2,378 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in SFL by 58.5% in the 1st quarter. Captrust Financial Advisors now owns 4,256 shares of the shipping company’s stock valued at $43,000 after acquiring an additional 1,570 shares during the last quarter. 28.96% of the stock is currently owned by institutional investors.

About SFL

(Get Free Report)

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.

See Also

Receive News & Ratings for SFL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SFL and related companies with MarketBeat.com's FREE daily email newsletter.