Nebula Research & Development LLC Purchases 4,401 Shares of SFL Co. Ltd. (NYSE:SFL)

Nebula Research & Development LLC lifted its position in shares of SFL Co. Ltd. (NYSE:SFL) by 10.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,703 shares of the shipping company’s stock after acquiring an additional 4,401 shares during the quarter. Nebula Research & Development LLC’s holdings in SFL were worth $457,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position 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 purchasing an additional 119,131 shares during the period. SBI Securities Co. Ltd. bought a new position in SFL in the 4th quarter worth approximately $809,000. Victory Capital Management Inc. lifted its position in shares of SFL by 2,095.5% during the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock worth $4,602,000 after acquiring an additional 429,800 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of SFL by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company’s stock worth $19,033,000 after acquiring an additional 149,020 shares during the period. Finally, Wealthstar Advisors LLC purchased a new position in shares of SFL in the fourth quarter valued at $569,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.

Analyst Ratings Changes

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

SFL Trading Up 2.9 %

Shares of SFL stock opened at $8.33 on Wednesday. SFL Co. Ltd. has a 52-week low of $6.78 and a 52-week high of $14.62. The business’s fifty day moving average is $8.20 and its 200 day moving average is $9.71. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. The company has a market capitalization of $1.21 billion, a PE ratio of 8.24 and a beta of 0.57.

SFL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 12.97%. The ex-dividend date was Wednesday, March 12th. SFL’s payout ratio is 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.