Tudor Investment Corp ET AL Purchases Shares of 88,649 SFL Corporation Ltd. $SFL

Tudor Investment Corp ET AL acquired a new stake in shares of SFL Corporation Ltd. (NYSE:SFL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 88,649 shares of the shipping company’s stock, valued at approximately $668,000. Tudor Investment Corp ET AL owned 0.06% of SFL as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in SFL in the third quarter valued at $97,000. Triumph Capital Management acquired a new position in shares of SFL in the 3rd quarter valued at about $32,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of SFL during the 3rd quarter worth about $79,000. Novak & Powell Financial Services Inc. increased its position in SFL by 3.2% during the 3rd quarter. Novak & Powell Financial Services Inc. now owns 44,009 shares of the shipping company’s stock worth $331,000 after purchasing an additional 1,373 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in SFL by 12.3% in the third quarter. Millennium Management LLC now owns 148,891 shares of the shipping company’s stock valued at $1,121,000 after buying an additional 16,350 shares during the period. 28.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SFL shares. BTIG Research boosted their price objective on shares of SFL from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of SFL from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded SFL from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, SFL currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

SFL Stock Up 1.7%

Shares of NYSE:SFL opened at $10.79 on Wednesday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -53.93 and a beta of 0.41. The company has a 50 day moving average of $10.03 and a two-hundred day moving average of $8.58. SFL Corporation Ltd. has a 52-week low of $6.73 and a 52-week high of $11.28. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 2.04.

SFL (NYSE:SFL) last announced its earnings results on Wednesday, February 11th. The shipping company reported ($0.04) earnings per share for the quarter. SFL had a negative net margin of 3.61% and a negative return on equity of 0.30%. The firm had revenue of $175.51 million during the quarter, compared to analysts’ expectations of $168.36 million. During the same quarter last year, the company posted $0.15 earnings per share. SFL’s revenue for the quarter was down 23.1% compared to the same quarter last year.

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Thursday, March 12th. SFL’s dividend payout ratio is -400.00%.

About SFL

Ship Finance International Limited (NYSE: SFL) is an independent owner of modern, large-size ocean-going vessels that provides finance and leasing services to the global shipping industry. The company’s fleet encompasses a diversified mix of crude oil tankers, product and chemical tankers, liquefied natural gas (LNG) carriers, dry bulk carriers, container vessels and floating production storage and offloading (FPSO) units. By structuring long-term charter agreements and bareboat leases with major oil companies, commodity traders and offshore operators, Ship Finance International seeks to deliver stable cash flows and risk-adjusted returns for its shareholders.

In its core business, Ship Finance International acquires or finances vessels through forward sales agreements and then charters them out under fixed-rate contracts, typically ranging from five to 20 years in duration.