Brighton Jones LLC Grows Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Brighton Jones LLC grew its holdings in shares of SFL Co. Ltd. (NYSE:SFL) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,904 shares of the shipping company’s stock after purchasing an additional 1,424 shares during the period. Brighton Jones LLC’s holdings in SFL were worth $213,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SFL. Cambridge Investment Research Advisors Inc. increased its position in shares of SFL by 7.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 22,457 shares of the shipping company’s stock valued at $250,000 after acquiring an additional 1,472 shares in the last quarter. Commonwealth Equity Services LLC grew its position in SFL by 7.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 28,213 shares of the shipping company’s stock worth $315,000 after purchasing an additional 1,918 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in SFL in the 4th quarter worth approximately $25,000. DAVENPORT & Co LLC grew its position in SFL by 14.7% in the 4th quarter. DAVENPORT & Co LLC now owns 17,809 shares of the shipping company’s stock worth $201,000 after purchasing an additional 2,280 shares during the period. Finally, Federated Hermes Inc. grew its position in SFL by 10.4% in the 3rd quarter. Federated Hermes Inc. now owns 27,053 shares of the shipping company’s stock worth $302,000 after purchasing an additional 2,547 shares during the period. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

SFL Trading Down 0.9 %

Shares of SFL stock opened at $13.51 on Friday. The company’s fifty day simple moving average is $13.15 and its 200-day simple moving average is $12.11. The stock has a market capitalization of $1.87 billion, a PE ratio of 20.46 and a beta of 0.65. SFL Co. Ltd. has a 1-year low of $8.43 and a 1-year high of $13.74. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.31 and a quick ratio of 0.30.

SFL (NYSE:SFL) last issued its quarterly earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The business had revenue of $209.57 million for the quarter. SFL had a net margin of 11.16% and a return on equity of 8.04%.

SFL Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.26 per share. This is a boost from SFL’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.70%. SFL’s payout ratio is 157.58%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of SFL from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. BTIG Research lifted their target price on shares of SFL from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

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.