SFL Co. Ltd. (NYSE:SFL) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in shares of SFL Co. Ltd. (NYSE:SFL) by 28.3% during the 4th quarter, HoldingsChannel reports. The firm owned 50,680 shares of the shipping company’s stock after purchasing an additional 11,183 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in SFL were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC raised its position in shares of SFL by 239.3% during the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company’s stock valued at $1,954,000 after buying an additional 119,131 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of SFL during the 4th quarter valued at approximately $809,000. Victory Capital Management Inc. raised its position in SFL by 2,095.5% in the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock valued at $4,602,000 after purchasing an additional 429,800 shares during the period. Vanguard Group Inc. raised its position in SFL by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 1,862,370 shares of the shipping company’s stock valued at $19,033,000 after purchasing an additional 149,020 shares during the period. Finally, Wealthstar Advisors LLC purchased a new stake in SFL in the fourth quarter valued at approximately $569,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered SFL from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th.

SFL Stock Up 2.1%

Shares of NYSE SFL opened at $8.75 on Wednesday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 8.66 and a beta of 0.47. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91. SFL Co. Ltd. has a 52-week low of $6.78 and a 52-week high of $14.62. The business’s 50 day moving average is $8.07 and its two-hundred day moving average is $9.51.

About SFL

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.