Aigen Investment Management LP Makes New Investment in SFL Co. Ltd. (NYSE:SFL)

Aigen Investment Management LP purchased a new position in SFL Co. Ltd. (NYSE:SFL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,510 shares of the shipping company’s stock, valued at approximately $189,000.

A number of other hedge funds also recently bought and sold shares of SFL. Blue Trust Inc. lifted its holdings in SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 1,278 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 buying an additional 950 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of SFL in the third quarter worth about $34,000. Quarry LP boosted its position in SFL by 428.2% during the third quarter. Quarry LP now owns 3,967 shares of the shipping company’s stock worth $46,000 after acquiring an additional 3,216 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in SFL during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.

SFL Price Performance

Shares of SFL stock opened at $9.05 on Monday. The firm’s 50-day moving average is $10.16 and its two-hundred day moving average is $10.64. SFL Co. Ltd. has a 12 month low of $8.53 and a 12 month high of $14.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50. The company has a market capitalization of $1.25 billion, a PE ratio of 8.96 and a beta of 0.67.

SFL Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date is Wednesday, March 12th. SFL’s dividend payout ratio is presently 106.93%.

Analyst Upgrades and Downgrades

SFL has been the topic of a number of research reports. Fearnley Fonds raised shares of SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com downgraded SFL from a “hold” rating to a “sell” rating in a research 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.