MQS Management LLC Has $109,000 Position in SFL Corporation Ltd. $SFL

MQS Management LLC lessened its position in SFL Corporation Ltd. (NYSE:SFL) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,052 shares of the shipping company’s stock after selling 4,585 shares during the period. MQS Management LLC’s holdings in SFL were worth $109,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of SFL by 65.3% in the 2nd quarter. Signaturefd LLC now owns 3,392 shares of the shipping company’s stock valued at $28,000 after buying an additional 1,340 shares during the last quarter. Quarry LP grew its position in shares of SFL by 183.6% in the 1st quarter. Quarry LP now owns 3,706 shares of the shipping company’s stock valued at $30,000 after buying an additional 2,399 shares during the last quarter. Parallel Advisors LLC grew its position in shares of SFL by 43.1% in the 2nd quarter. Parallel Advisors LLC now owns 6,010 shares of the shipping company’s stock valued at $50,000 after buying an additional 1,810 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of SFL in the 1st quarter valued at about $76,000. Finally, DAVENPORT & Co LLC grew its position in shares of SFL by 16.2% in the 1st quarter. DAVENPORT & Co LLC now owns 12,556 shares of the shipping company’s stock valued at $103,000 after buying an additional 1,750 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

SFL Stock Up 4.1%

Shares of SFL stock opened at $7.32 on Wednesday. SFL Corporation Ltd. has a one year low of $6.73 and a one year high of $11.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s 50-day moving average is $7.69 and its 200 day moving average is $8.33. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 28.13 and a beta of 0.49.

SFL (NYSE:SFL) last announced its earnings results on Tuesday, August 19th. The shipping company reported $0.01 EPS for the quarter. SFL had a return on equity of 6.67% and a net margin of 3.97%.The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $192.40 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year.

SFL Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were given a dividend of $0.20 per share. The ex-dividend date was Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 10.9%. SFL’s dividend payout ratio is presently 307.69%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of SFL in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

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.