Nwam LLC Buys New Stake in SFL Co. Ltd. (NYSE:SFL)

Nwam LLC purchased a new position in shares of SFL Co. Ltd. (NYSE:SFL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,498 shares of the shipping company’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in SFL by 1,375.3% in the third quarter. Farther Finance Advisors LLC now owns 4,293 shares of the shipping company’s stock valued at $50,000 after buying an additional 4,002 shares during the last quarter. Kohmann Bosshard Financial Services LLC raised its position in SFL by 25.0% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 12,500 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 2,500 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in SFL during the 3rd quarter worth $168,000. nVerses Capital LLC grew its position in SFL by 2,840.0% during the 3rd quarter. nVerses Capital LLC now owns 14,700 shares of the shipping company’s stock worth $170,000 after purchasing an additional 14,200 shares during the last quarter. Finally, Calton & Associates Inc. acquired a new position in SFL in the third quarter valued at $176,000. 28.59% of the stock is owned by hedge funds and other institutional investors.

SFL Stock Performance

NYSE:SFL opened at $10.49 on Wednesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 9.44 and a beta of 0.68. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50. SFL Co. Ltd. has a 1-year low of $10.01 and a 1-year high of $14.62. The firm’s fifty day moving average price is $11.04 and its 200 day moving average price is $12.18.

SFL (NYSE:SFL) last posted its quarterly earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The business had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $243.98 million. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share.

SFL Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 10.30%. The ex-dividend date of this dividend is Friday, December 13th. SFL’s payout ratio is currently 97.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Pareto Securities upgraded shares of SFL from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Fearnley Fonds raised SFL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

SFL Company 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.