Bessemer Group Inc. Purchases New Stake in SFL Corporation Ltd. (NYSE:SFL)

Bessemer Group Inc. purchased a new stake in SFL Corporation Ltd. (NYSE:SFL) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 9,268 shares of the shipping company’s stock, valued at approximately $76,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its position in shares of SFL by 42.3% in the 1st quarter. International Assets Investment Management LLC now owns 105,737 shares of the shipping company’s stock worth $867,000 after buying an additional 31,434 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in shares of SFL by 16.1% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 12,647 shares of the shipping company’s stock worth $104,000 after buying an additional 1,751 shares during the last quarter. Albert D Mason Inc. lifted its position in shares of SFL by 3.8% in the 1st quarter. Albert D Mason Inc. now owns 99,048 shares of the shipping company’s stock worth $812,000 after buying an additional 3,659 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SFL by 39.6% in the 1st quarter. Farther Finance Advisors LLC now owns 5,986 shares of the shipping company’s stock worth $49,000 after buying an additional 1,698 shares during the last quarter. Finally, Great Waters Wealth Management lifted its position in shares of SFL by 50.0% in the 1st quarter. Great Waters Wealth Management now owns 15,000 shares of the shipping company’s stock worth $123,000 after buying an additional 5,000 shares during the last quarter. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Trading Up 0.3%

SFL stock opened at $8.90 on Friday. The firm’s 50-day moving average is $8.56 and its 200-day moving average is $9.04. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.45 and a current ratio of 0.45. SFL Corporation Ltd. has a 1 year low of $6.78 and a 1 year high of $14.05. The company has a market cap of $1.30 billion, a P/E ratio of 21.71 and a beta of 0.51.

SFL (NYSE:SFL) last posted its quarterly earnings results on Wednesday, May 14th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. SFL had a net margin of 6.20% and a return on equity of 8.50%. The company had revenue of $186.74 million for the quarter, compared to the consensus estimate of $183.82 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue for the quarter was down 18.5% on a year-over-year basis.

SFL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Thursday, June 12th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 12.13%. SFL’s payout ratio is currently 263.41%.

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.