Empowered Funds LLC Increases Stake in SFL Co. Ltd. (NYSE:SFL)

Empowered Funds LLC raised its holdings in shares of SFL Co. Ltd. (NYSE:SFL) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 737,851 shares of the shipping company’s stock after purchasing an additional 35,972 shares during the quarter. Empowered Funds LLC’s holdings in SFL were worth $7,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in SFL by 2.5% in the 3rd quarter. State Street Corp now owns 2,074,341 shares of the shipping company’s stock worth $24,000,000 after purchasing an additional 51,022 shares during the period. Geode Capital Management LLC increased its position in shares of SFL by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock worth $16,680,000 after purchasing an additional 66,096 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of SFL by 1,252.6% during the 3rd quarter. International Assets Investment Management LLC now owns 811,439 shares of the shipping company’s stock valued at $9,388,000 after buying an additional 751,449 shares in the last quarter. PDT Partners LLC lifted its stake in SFL by 25.3% during the third quarter. PDT Partners LLC now owns 260,858 shares of the shipping company’s stock worth $3,018,000 after purchasing an additional 52,644 shares during the last quarter. Finally, Barclays PLC lifted its position in SFL by 239.3% in the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock worth $1,954,000 after buying an additional 119,131 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

SFL Stock Up 0.7 %

Shares of NYSE:SFL opened at $10.93 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $1.51 billion, a PE ratio of 9.84 and a beta of 0.66. The stock’s 50-day moving average is $10.47 and its 200 day moving average is $10.93. SFL Co. Ltd. has a 1 year low of $9.64 and a 1 year high of $14.62.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds raised SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st.

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.