Sigma Planning Corp Sells 76,832 Shares of SFL Co. Ltd. (NYSE:SFL)

Sigma Planning Corp trimmed its position in SFL Co. Ltd. (NYSE:SFL) by 56.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,771 shares of the shipping company’s stock after selling 76,832 shares during the period. Sigma Planning Corp’s holdings in SFL were worth $663,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Naples Money Management LLC bought a new stake in shares of SFL in the fourth quarter valued at about $168,000. Tennessee Valley Asset Management Partners bought a new stake in shares of SFL in the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC lifted its holdings in shares of SFL by 14.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 40,690 shares of the shipping company’s stock valued at $459,000 after purchasing an additional 5,200 shares in the last quarter. RKL Wealth Management LLC bought a new stake in SFL during the fourth quarter worth about $282,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in SFL by 64.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,437,802 shares of the shipping company’s stock worth $16,218,000 after acquiring an additional 564,675 shares in the last quarter. 28.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BTIG Research upped their target price on SFL from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. StockNews.com lowered SFL from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.00.

SFL Price Performance

Shares of NYSE SFL opened at $13.03 on Thursday. The business’s 50 day moving average price is $13.06 and its two-hundred day moving average price is $12.00. The company has a market cap of $1.80 billion, a PE ratio of 19.73 and a beta of 0.66. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 1.65. SFL Co. Ltd. has a twelve month low of $8.43 and a twelve month high of $13.74.

SFL (NYSE:SFL) last announced its quarterly earnings results on Wednesday, February 14th. The shipping company reported $0.30 earnings per share for the quarter. The firm had revenue of $209.57 million for the quarter. SFL had a return on equity of 8.04% and a net margin of 11.16%.

SFL Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from SFL’s previous quarterly dividend of $0.25. SFL’s payout ratio is 157.58%.

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.