SFL Co. Ltd. (NYSE:SFL) Stock Position Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in SFL Co. Ltd. (NYSE:SFL) by 40.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,816 shares of the shipping company’s stock after selling 33,396 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SFL were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 1,278 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of 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 buying an additional 1,418 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of SFL by 8.2% in the 4th quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company’s stock valued at $198,000 after buying an additional 1,474 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of SFL by 2.4% in the 3rd quarter. MetLife Investment Management LLC now owns 65,785 shares of the shipping company’s stock valued at $761,000 after buying an additional 1,515 shares during the period. Finally, Rhumbline Advisers grew its position in shares of SFL by 0.7% during the 4th quarter. Rhumbline Advisers now owns 215,235 shares of the shipping company’s stock valued at $2,200,000 after buying an additional 1,596 shares during the last quarter. 28.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

SFL Stock Down 3.3 %

SFL stock opened at $8.73 on Tuesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. SFL Co. Ltd. has a one year low of $8.66 and a one year high of $14.62. The company has a 50-day simple moving average of $10.26 and a 200-day simple moving average of $10.72. The firm has a market capitalization of $1.21 billion, a P/E ratio of 8.64 and a beta of 0.66.

SFL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be issued 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 12.37%. SFL’s dividend payout ratio (DPR) is presently 106.93%.

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.