New Age Alpha Advisors LLC Takes Position in SFL Co. Ltd. (NYSE:SFL)

New Age Alpha Advisors LLC acquired a new position in shares of SFL Co. Ltd. (NYSE:SFL) during the fourth quarter, HoldingsChannel reports. The fund acquired 8,707 shares of the shipping company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of SFL by 2,095.5% in the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock valued at $4,602,000 after buying an additional 429,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in SFL by 39.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company’s stock valued at $6,146,000 after acquiring an additional 170,044 shares in the last quarter. Vanguard Group Inc. raised its position in SFL by 8.7% during the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company’s stock worth $19,033,000 after acquiring an additional 149,020 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of SFL in the fourth quarter valued at about $1,342,000. Finally, Barclays PLC grew its position in shares of SFL by 239.3% in the third quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after purchasing an additional 119,131 shares during the last quarter. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SFL Trading Down 6.3 %

Shares of SFL stock opened at $7.73 on Friday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.65 and a beta of 0.67. 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 firm has a 50-day moving average price of $9.27 and a 200 day moving average price of $10.24. SFL Co. Ltd. has a twelve month low of $7.68 and a twelve month high of $14.62.

SFL Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.98%. The ex-dividend date of this dividend was Wednesday, March 12th. SFL’s dividend payout ratio is presently 106.93%.

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.