SFL (NYSE:SFL) Hits New 1-Year Low – Time to Sell?

SFL Co. Ltd. (NYSE:SFL)’s share price hit a new 52-week low on Thursday . The company traded as low as $9.31 and last traded at $9.43, with a volume of 108592 shares traded. The stock had previously closed at $9.54.

Analyst Upgrades and Downgrades

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

SFL Trading Down 0.0 %

The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. The firm has a 50 day moving average of $10.38 and a 200 day moving average of $10.85. The firm has a market cap of $1.32 billion, a PE ratio of 9.46 and a beta of 0.66.

SFL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a yield of 11.32%. SFL’s dividend payout ratio is presently 106.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in SFL by 41.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 950 shares during the period. Ellevest Inc. raised its stake in shares of SFL by 2.6% during the 4th quarter. Ellevest Inc. now owns 45,429 shares of the shipping company’s stock valued at $464,000 after purchasing an additional 1,146 shares during the period. Corebridge Financial Inc. lifted its holdings in SFL by 2.0% during the 4th quarter. Corebridge Financial Inc. now owns 64,938 shares of the shipping company’s stock worth $664,000 after purchasing an additional 1,262 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 purchasing an additional 1,278 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in SFL by 3.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company’s stock worth $515,000 after purchasing an additional 1,418 shares during the period. 28.59% of the stock is owned by institutional investors.

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.