Renaissance Technologies LLC Lowers Position in SFL Co. Ltd. (NYSE:SFL)

Renaissance Technologies LLC decreased its position in shares of SFL Co. Ltd. (NYSE:SFL) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,465 shares of the shipping company’s stock after selling 100,200 shares during the quarter. Renaissance Technologies LLC owned 0.80% of SFL worth $11,298,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in SFL by 239.3% in the third 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 in the last quarter. Geode Capital Management LLC grew its position in shares of SFL by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company’s stock valued at $16,680,000 after acquiring an additional 66,096 shares during the period. SBI Securities Co. Ltd. acquired a new position in SFL in the 4th quarter worth about $809,000. Victory Capital Management Inc. boosted its position in SFL by 2,095.5% during the fourth quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company’s stock worth $4,602,000 after purchasing an additional 429,800 shares in the last quarter. Finally, Wealthstar Advisors LLC acquired a new stake in SFL in the fourth quarter valued at approximately $569,000. 28.59% of the stock is owned by hedge funds and other institutional investors.

SFL Stock Down 1.5 %

SFL opened at $7.49 on Wednesday. The company has a market cap of $1.09 billion, a PE ratio of 7.41 and a beta of 0.57. SFL Co. Ltd. has a twelve month low of $6.78 and a twelve month high of $14.62. The company has a 50-day moving average price of $8.63 and a 200 day moving average price of $9.97. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 14.43%. SFL’s dividend payout ratio (DPR) is presently 106.93%.

Wall Street Analyst Weigh In

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

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.