88,649 Shares in SFL Corporation Ltd. $SFL Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in shares of SFL Corporation Ltd. (NYSE:SFL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 88,649 shares of the shipping company’s stock, valued at approximately $668,000.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in SFL by 8.2% during the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company’s stock worth $198,000 after purchasing an additional 1,474 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of SFL by 52.8% in the 1st quarter. AQR Capital Management LLC now owns 21,060 shares of the shipping company’s stock worth $173,000 after buying an additional 7,273 shares during the last quarter. Jane Street Group LLC lifted its position in shares of SFL by 122.0% in the 1st quarter. Jane Street Group LLC now owns 181,556 shares of the shipping company’s stock worth $1,489,000 after buying an additional 99,767 shares during the last quarter. Creative Planning boosted its holdings in shares of SFL by 12.5% in the 2nd quarter. Creative Planning now owns 70,147 shares of the shipping company’s stock valued at $584,000 after buying an additional 7,767 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of SFL by 10.4% during the 2nd quarter. Cetera Investment Advisers now owns 16,034 shares of the shipping company’s stock valued at $134,000 after buying an additional 1,510 shares during the last quarter. 28.59% of the stock is currently owned by institutional investors.

SFL Trading Up 1.7%

SFL stock opened at $10.79 on Wednesday. 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. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -53.93 and a beta of 0.41. The firm has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $8.58.

SFL (NYSE:SFL) last released its quarterly 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 business had revenue of $175.51 million for the quarter, compared to the consensus estimate of $168.36 million. During the same period last year, the firm posted $0.15 EPS. The business’s quarterly revenue was down 23.1% on a year-over-year basis.

SFL Announces Dividend

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

Analyst Ratings Changes

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

SFL Profile

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.