Nisa Investment Advisors LLC Increases Stock Holdings in SFL Co. Ltd. (NYSE:SFL)

Nisa Investment Advisors LLC grew its stake in SFL Co. Ltd. (NYSE:SFL) by 138.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,200 shares of the shipping company’s stock after buying an additional 10,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SFL were worth $132,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SFL. Commonwealth Equity Services LLC boosted its stake in shares of SFL by 11.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,627 shares of the shipping company’s stock valued at $213,000 after buying an additional 2,700 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of SFL in the 1st quarter valued at about $83,000. Blueshift Asset Management LLC purchased a new position in shares of SFL in the 1st quarter valued at about $125,000. Level Four Advisory Services LLC boosted its stake in shares of SFL by 24.0% in the 1st quarter. Level Four Advisory Services LLC now owns 14,713 shares of the shipping company’s stock valued at $118,000 after buying an additional 2,851 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of SFL in the 1st quarter valued at about $1,275,000. Institutional investors and hedge funds own 30.17% of the company’s stock.

SFL has been the topic of several research analyst reports. DNB Markets raised SFL from a “hold” rating to a “buy” rating in a research report on Thursday, August 19th. Zacks Investment Research lowered SFL from a “buy” rating to a “hold” rating in a research report on Tuesday, August 24th. Finally, Jefferies Financial Group raised SFL from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday, August 19th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, SFL currently has an average rating of “Buy” and an average target price of $9.17.

Shares of NYSE SFL opened at $8.07 on Friday. The firm has a market capitalization of $1.03 billion, a PE ratio of -8.77 and a beta of 1.08. SFL Co. Ltd. has a fifty-two week low of $5.85 and a fifty-two week high of $9.05. The stock’s 50-day simple moving average is $7.49 and its 200-day simple moving average is $7.91. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.06 and a current ratio of 1.08.

SFL (NYSE:SFL) last released its quarterly earnings results on Thursday, August 19th. The shipping company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $116.80 million for the quarter, compared to analyst estimates of $112.69 million. SFL had a positive return on equity of 9.91% and a negative net margin of 21.52%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. On average, sell-side analysts forecast that SFL Co. Ltd. will post 0.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Tuesday, September 14th. SFL’s dividend payout ratio (DPR) is 68.18%.

About SFL

SFL Corp. Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. It operate through subsidiaries located in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. The company was founded on October 10, 2003 and is headquartered in Hamilton, Bermuda.

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Institutional Ownership by Quarter for SFL (NYSE:SFL)

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