SFL (NYSE:SFL) Hits New 1-Year Low – What’s Next?

SFL Co. Ltd. (NYSE:SFL)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $8.48 and last traded at $8.51, with a volume of 535372 shares changing hands. The stock had previously closed at $8.74.

Wall Street Analysts Forecast Growth

SFL has been the topic of several analyst reports. Fearnley Fonds raised SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com downgraded SFL from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th.

SFL Price Performance

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 company has a market capitalization of $1.12 billion, a PE ratio of 8.02 and a beta of 0.67. The stock’s 50-day moving average is $10.06 and its two-hundred day moving average is $10.58.

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 13.33%. SFL’s dividend payout ratio (DPR) is 106.93%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its position in SFL by 239.3% in the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after buying an additional 119,131 shares during the period. Geode Capital Management LLC raised its stake in shares of SFL by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock valued at $16,680,000 after acquiring an additional 66,096 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SFL in the fourth quarter valued at approximately $809,000. Wealthstar Advisors LLC bought a new position in SFL in the fourth quarter worth approximately $569,000. Finally, Empowered Funds LLC increased its holdings in SFL by 5.1% during the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company’s stock worth $7,541,000 after purchasing an additional 35,972 shares during the period. 28.59% of the stock is currently 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.