Jackson Creek Investment Advisors LLC Makes New $1.34 Million Investment in SFL Co. Ltd. (NYSE:SFL)

Jackson Creek Investment Advisors LLC acquired a new stake in SFL Co. Ltd. (NYSE:SFL) during the 4th quarter, Holdings Channel.com reports. The fund acquired 131,349 shares of the shipping company’s stock, valued at approximately $1,342,000.

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

Wall Street Analysts Forecast Growth

SFL has been the topic of several recent research reports. Fearnley Fonds upgraded 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 Stock Performance

NYSE SFL opened at $9.05 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. SFL Co. Ltd. has a twelve month low of $8.53 and a twelve month high of $14.62. The stock has a 50-day moving average of $10.18 and a 200 day moving average of $10.67. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.96 and a beta of 0.67.

SFL Announces Dividend

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 dividend on an annualized basis and a dividend yield of 11.94%. SFL’s dividend payout ratio (DPR) is 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.