Aigen Investment Management LP Buys Shares of 18,510 SFL Co. Ltd. (NYSE:SFL)

Aigen Investment Management LP purchased a new position in shares of SFL Co. Ltd. (NYSE:SFL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,510 shares of the shipping company’s stock, valued at approximately $189,000.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its stake in SFL by 64.6% during the 4th quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock worth $33,000 after acquiring an additional 1,278 shares in the last quarter. Jones Financial Companies Lllp increased its stake in SFL by 41.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock worth $33,000 after purchasing an additional 950 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of SFL during the third quarter worth about $34,000. Quarry LP boosted its stake in shares of SFL by 428.2% in the third quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 3,216 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of SFL in the third quarter valued at approximately $49,000. 28.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SFL. StockNews.com lowered shares of SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

SFL Stock Up 2.0 %

SFL stock opened at $9.05 on Monday. SFL Co. Ltd. has a fifty-two week low of $8.53 and a fifty-two week high of $14.62. The company’s 50 day moving average price is $10.16 and its 200 day moving average price is $10.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.96 and a beta of 0.67.

SFL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date is Wednesday, March 12th. SFL’s dividend payout ratio is presently 106.93%.

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.