SFL (NYSE:SFL) Reaches New 12-Month Low – Should You Sell?

SFL Co. Ltd. (NYSE:SFL) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.48 and last traded at $8.51, with a volume of 535372 shares trading hands. The stock had previously closed at $8.74.

Wall Street Analysts Forecast Growth

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

SFL Stock Down 3.0 %

The company has a fifty day moving average of $10.13 and a 200 day moving average of $10.62. 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 company has a market cap of $1.17 billion, a P/E ratio of 8.40 and a beta of 0.67.

SFL Dividend Announcement

The firm also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date of this dividend is Wednesday, March 12th. SFL’s payout ratio is 106.93%.

Institutional Trading of SFL

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew 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 valued at $29,000 after acquiring an additional 2,562 shares during the period. Public Employees Retirement System of Ohio purchased a new position in SFL during the third quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 950 shares during the period. Blue Trust Inc. increased 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 purchasing an additional 1,278 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of SFL by 883.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company’s stock valued at $33,000 after buying an additional 2,942 shares in the last quarter. Institutional investors own 28.59% of the company’s stock.

About SFL

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.