Left Brain Wealth Management LLC Purchases 4,825 Shares of SFL Co. Ltd. (NYSE:SFL)

Left Brain Wealth Management LLC lifted its position in SFL Co. Ltd. (NYSE:SFL) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,710 shares of the shipping company’s stock after acquiring an additional 4,825 shares during the quarter. Left Brain Wealth Management LLC’s holdings in SFL were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SFL. State Street Corp boosted its holdings in shares of 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 buying an additional 51,022 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SFL by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock worth $16,680,000 after buying an additional 66,096 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of SFL by 5.1% in the 4th quarter. Empowered Funds LLC now owns 737,851 shares of the shipping company’s stock worth $7,541,000 after buying an additional 35,972 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SFL by 39.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company’s stock worth $6,146,000 after buying an additional 170,044 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of SFL by 2,095.5% in the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock worth $4,602,000 after buying an additional 429,800 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SFL has been the topic of a number of research analyst 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 downgraded shares of SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th.

SFL Price Performance

NYSE SFL opened at $8.11 on Friday. The company has a market cap of $1.12 billion, a PE ratio of 8.02 and a beta of 0.67. SFL Co. Ltd. has a 52 week low of $8.06 and a 52 week high of $14.62. 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’s 50-day simple moving average is $10.06 and its two-hundred day simple moving average is $10.58.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 13.33%. The ex-dividend date of this dividend is Wednesday, March 12th. 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.