Virtu Financial LLC Makes New $384,000 Investment in SFL Co. Ltd. (NYSE:SFL)

Virtu Financial LLC acquired a new stake in shares of SFL Co. Ltd. (NYSE:SFL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,603 shares of the shipping company’s stock, valued at approximately $384,000.

A number of other institutional investors also recently modified their holdings of SFL. Barclays PLC raised its holdings in SFL by 239.3% during the third quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock worth $1,954,000 after buying an additional 119,131 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SFL by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock worth $16,680,000 after acquiring an additional 66,096 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SFL in the 4th quarter worth about $809,000. Victory Capital Management Inc. lifted its position in SFL by 2,095.5% in the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock valued at $4,602,000 after acquiring an additional 429,800 shares in the last quarter. Finally, Wealthstar Advisors LLC acquired a new position in SFL during the 4th quarter valued at about $569,000. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Stock Up 0.1 %

SFL opened at $8.19 on Thursday. SFL Co. Ltd. has a fifty-two week low of $8.06 and a fifty-two week high of $14.62. The firm has a market capitalization of $1.19 billion, a P/E ratio of 8.10 and a beta of 0.67. The company’s 50-day moving average is $9.58 and its 200 day moving average is $10.35. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.19%. SFL’s payout ratio is presently 106.93%.

Wall Street Analyst Weigh In

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

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.