Albert D Mason Inc. Acquires 3,659 Shares of SFL Co. Ltd. (NYSE:SFL)

Albert D Mason Inc. raised its holdings in shares of SFL Co. Ltd. (NYSE:SFL) by 3.8% in the 1st quarter, Holdings Channel reports. The firm owned 99,048 shares of the shipping company’s stock after purchasing an additional 3,659 shares during the quarter. Albert D Mason Inc.’s holdings in SFL were worth $812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of SFL by 39.6% in the first quarter. Farther Finance Advisors LLC now owns 5,986 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 1,698 shares in the last quarter. Great Waters Wealth Management boosted its position in SFL by 50.0% in the first quarter. Great Waters Wealth Management now owns 15,000 shares of the shipping company’s stock valued at $123,000 after buying an additional 5,000 shares during the last quarter. Rhumbline Advisers boosted its position in SFL by 5.0% in the first quarter. Rhumbline Advisers now owns 225,991 shares of the shipping company’s stock valued at $1,853,000 after buying an additional 10,756 shares during the last quarter. GAMMA Investing LLC boosted its position in SFL by 636.8% in the first quarter. GAMMA Investing LLC now owns 4,723 shares of the shipping company’s stock valued at $39,000 after buying an additional 4,082 shares during the last quarter. Finally, Novak & Powell Financial Services Inc. boosted its position in SFL by 5.1% in the fourth quarter. Novak & Powell Financial Services Inc. now owns 41,281 shares of the shipping company’s stock valued at $422,000 after buying an additional 1,996 shares during the last quarter. 28.59% of the stock is currently owned by institutional investors.

SFL Stock Down 3.7%

Shares of SFL opened at $8.59 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. SFL Co. Ltd. has a one year low of $6.78 and a one year high of $14.14. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.51 and a beta of 0.51. The stock has a 50 day moving average price of $8.24 and a 200 day moving average price of $9.23.

SFL (NYSE:SFL) last issued its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. SFL had a return on equity of 12.41% and a net margin of 14.45%. The firm had revenue of $186.74 million during the quarter, compared to analysts’ expectations of $183.82 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis.

SFL Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 12.57%. The ex-dividend date of this dividend is Thursday, June 12th. SFL’s payout ratio is 263.41%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th.

SFL 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.