SFL (NYSE:SFL) Reaches New 12-Month Low – Should You Sell?

SFL Co. Ltd. (NYSE:SFL) reached a new 52-week low on Tuesday . The stock traded as low as $8.66 and last traded at $8.73, with a volume of 2058845 shares. The stock had previously closed at $9.03.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SFL. StockNews.com cut shares of SFL from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Fearnley Fonds upgraded SFL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

SFL Trading Down 3.3 %

The company has a current ratio of 0.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.21 billion, a P/E ratio of 8.64 and a beta of 0.66. The business’s fifty day simple moving average is $10.26 and its 200 day simple moving average is $10.72.

SFL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 12.37%. SFL’s dividend payout ratio (DPR) is currently 106.93%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in SFL by 2,095.5% in the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock valued at $4,602,000 after buying an additional 429,800 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of SFL by 27.6% during the fourth quarter. Nuveen Asset Management LLC now owns 947,311 shares of the shipping company’s stock valued at $9,682,000 after acquiring an additional 204,884 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SFL by 39.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 601,356 shares of the shipping company’s stock valued at $6,146,000 after acquiring an additional 170,044 shares during the last quarter. Vanguard Group Inc. increased 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 worth $19,033,000 after purchasing an additional 149,020 shares during the period. Finally, Northern Trust Corp raised its holdings in SFL by 17.5% during the 4th quarter. Northern Trust Corp now owns 910,484 shares of the shipping company’s stock worth $9,305,000 after purchasing an additional 135,768 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

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.