MQS Management LLC Has $109,000 Stock Position in SFL Corporation Ltd. $SFL

MQS Management LLC reduced its position in shares of SFL Corporation Ltd. (NYSE:SFL) by 26.0% during the second quarter, Holdings Channel reports. The institutional investor owned 13,052 shares of the shipping company’s stock after selling 4,585 shares during the period. MQS Management LLC’s holdings in SFL were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SFL. Brighton Jones LLC raised its stake in SFL by 8.2% during the 4th quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company’s stock worth $198,000 after buying an additional 1,474 shares during the period. Bessemer Group Inc. acquired a new position in SFL during the 1st quarter worth approximately $76,000. DAVENPORT & Co LLC raised its stake in SFL by 16.2% during the 1st quarter. DAVENPORT & Co LLC now owns 12,556 shares of the shipping company’s stock worth $103,000 after buying an additional 1,750 shares during the period. Bank of New York Mellon Corp raised its stake in SFL by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,878 shares of the shipping company’s stock worth $10,782,000 after buying an additional 69,667 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in SFL by 28.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,499 shares of the shipping company’s stock worth $611,000 after buying an additional 16,600 shares during the period. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Stock Performance

Shares of SFL stock opened at $7.32 on Wednesday. The company has a market cap of $1.07 billion, a PE ratio of 28.13 and a beta of 0.49. SFL Corporation Ltd. has a 52 week low of $6.73 and a 52 week high of $11.18. The business has a 50 day moving average price of $7.69 and a 200-day moving average price of $8.33. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.97.

SFL (NYSE:SFL) last issued its quarterly earnings data on Tuesday, August 19th. The shipping company reported $0.01 EPS for the quarter. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $192.40 million. SFL had a return on equity of 6.67% and a net margin of 3.97%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share.

SFL Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 10.9%. SFL’s dividend payout ratio is 307.69%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SFL in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, SFL has a consensus rating of “Buy”.

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.