SFL (NYSE:SFL) Sets New 52-Week Low – Should You Sell?

SFL Co. Ltd. (NYSE:SFL) hit a new 52-week low during trading on Friday . The company traded as low as $8.06 and last traded at $8.09, with a volume of 576555 shares trading hands. The stock had previously closed at $8.16.

Analyst Ratings Changes

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

SFL Price Performance

The business’s 50 day moving average is $9.53 and its two-hundred day moving average is $10.34. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.50 and a current ratio of 0.38. The firm has a market capitalization of $1.19 billion, a PE ratio of 8.08 and a beta of 0.67.

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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 13.23%. The ex-dividend date of this dividend is Wednesday, March 12th. SFL’s dividend payout ratio (DPR) is presently 106.93%.

Institutional Trading of SFL

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of SFL by 831.8% in the fourth quarter. Signaturefd LLC now owns 2,870 shares of the shipping company’s stock worth $29,000 after buying an additional 2,562 shares in the last quarter. Blue Trust Inc. lifted its stake in SFL by 64.6% in the 4th quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,278 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 950 shares during the period. Sterling Capital Management LLC grew its position in shares of SFL by 883.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,275 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 2,942 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of SFL in the third quarter worth $34,000. Hedge funds and other 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.