HighPoint Advisor Group LLC Sells 16,202 Shares of SFL Co. Ltd. (NYSE:SFL)

HighPoint Advisor Group LLC lowered its position in SFL Co. Ltd. (NYSE:SFL) by 57.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,168 shares of the shipping company’s stock after selling 16,202 shares during the period. HighPoint Advisor Group LLC’s holdings in SFL were worth $134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFL. Signaturefd LLC increased its stake in shares of SFL by 831.8% during the 4th quarter. Signaturefd LLC now owns 2,870 shares of the shipping company’s stock worth $29,000 after purchasing an additional 2,562 shares during the last quarter. Blue Trust Inc. increased its position in SFL by 64.6% during 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. Jones Financial Companies Lllp lifted its position in shares of SFL by 41.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock worth $33,000 after buying an additional 950 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SFL during the 3rd quarter worth about $34,000. Finally, Quarry LP increased its holdings in shares of SFL by 428.2% during the 3rd quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock valued at $46,000 after acquiring an additional 3,216 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut SFL from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th.

SFL Stock Performance

Shares of SFL opened at $7.19 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 7.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. SFL Co. Ltd. has a one year low of $7.06 and a one year high of $14.62. The company’s fifty day moving average price is $9.21 and its 200 day moving average price is $10.21.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 12th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 15.03%. SFL’s dividend payout ratio is presently 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.