Coppell Advisory Solutions LLC Takes $456,000 Position in SFL Corporation Ltd. $SFL

Coppell Advisory Solutions LLC bought a new stake in SFL Corporation Ltd. (NYSE:SFL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,724 shares of the shipping company’s stock, valued at approximately $456,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in SFL by 4.8% in the fourth quarter. Russell Investments Group Ltd. now owns 29,778 shares of the shipping company’s stock worth $233,000 after acquiring an additional 1,353 shares in the last quarter. ProShare Advisors LLC grew its stake in SFL by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 22,171 shares of the shipping company’s stock valued at $173,000 after acquiring an additional 1,424 shares during the period. Brighton Jones LLC increased its holdings in shares of SFL by 8.2% during the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company’s stock valued at $198,000 after acquiring an additional 1,474 shares in the last quarter. NFSG Corp increased its holdings in shares of SFL by 50.0% during the first quarter. NFSG Corp now owns 4,500 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of SFL by 10.4% during the second quarter. Cetera Investment Advisers now owns 16,034 shares of the shipping company’s stock worth $134,000 after purchasing an additional 1,510 shares during the period. 28.59% of the stock is owned by institutional investors and hedge funds.

SFL Price Performance

SFL stock opened at $12.64 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.38 and a current ratio of 0.38. The business has a 50-day simple moving average of $11.72 and a two-hundred day simple moving average of $11.33. The company has a market capitalization of $1.83 billion, a P/E ratio of 26.33 and a beta of 0.40. SFL Corporation Ltd. has a 52-week low of $6.73 and a 52-week high of $12.94.

SFL (NYSE:SFL) last issued its quarterly earnings data on Wednesday, August 26th. The shipping company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.14 by $0.11. SFL had a return on equity of 3.41% and a net margin of 8.76%.The firm had revenue of $200.77 million during the quarter, compared to the consensus estimate of $179.65 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year.

SFL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 9th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 9th. This represents a $0.88 annualized dividend and a yield of 7.0%. SFL’s dividend payout ratio is 183.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded SFL from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Benchmark restated a “buy” rating on shares of SFL in a research note on Wednesday, August 26th. BTIG Research restated a “buy” rating and set a $14.00 price objective on shares of SFL in a report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of SFL from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SFL currently has an average rating of “Moderate Buy” and an average price target of $14.00.

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.