SFL (NYSE:SFL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

SFL Corporation Ltd. (NYSE:SFL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.12 and traded as high as $8.47. SFL shares last traded at $8.23, with a volume of 987,726 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of SFL in a research note on Monday, December 29th. Wall Street Zen cut shares of SFL from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Finally, BTIG Research increased their target price on shares of SFL from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.

SFL Stock Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s 50-day simple moving average is $8.10 and its two-hundred day simple moving average is $8.12. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -823.00 and a beta of 0.47.

SFL (NYSE:SFL) last issued its quarterly earnings results on Wednesday, November 12th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company had revenue of $178.21 million for the quarter, compared to the consensus estimate of $172.45 million. SFL had a positive return on equity of 3.05% and a negative net margin of 0.20%.The firm’s revenue was down 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share.

SFL Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 12th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 9.7%. SFL’s dividend payout ratio (DPR) is -8,000.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of SFL by 65.3% in the second quarter. Signaturefd LLC now owns 3,392 shares of the shipping company’s stock worth $28,000 after acquiring an additional 1,340 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in SFL by 789.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 2,944 shares during the period. Triumph Capital Management acquired a new stake in SFL in the 3rd quarter worth $32,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SFL during the 2nd quarter worth about $50,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of SFL during the third quarter valued at about $79,000. 28.59% of the stock is currently owned by institutional investors and hedge funds.

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.