Ship Finance International Limited (SFL) Trading 2.9% Higher

Ship Finance International Limited (NYSE:SFL)’s share price traded up 2.9% during mid-day trading on Thursday . The stock traded as high as $14.18 and last traded at $14.20. 840,165 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 937,486 shares. The stock had previously closed at $13.80.

Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded Ship Finance International Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub raised Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Jefferies Group LLC raised Ship Finance International Limited to a “hold” rating and set a $15.00 target price on the stock in a research report on Monday, June 5th. Finally, ValuEngine downgraded Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.50.

The stock has a market cap of $1.34 billion, a PE ratio of 10.4083 and a beta of 1.36. The stock’s 50-day moving average is $13.51 and its 200-day moving average is $13.75.

Ship Finance International Limited (NYSE:SFL) last issued its earnings results on Wednesday, August 30th. The shipping company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The firm had revenue of $94.22 million during the quarter, compared to the consensus estimate of $95.70 million. On average, analysts predict that Ship Finance International Limited will post $1.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.35 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a yield of 9.89%. Ship Finance International Limited’s dividend payout ratio (DPR) is presently 146.34%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Ship Finance International Limited by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock valued at $621,000 after acquiring an additional 196 shares during the last quarter. Stifel Financial Corp lifted its position in Ship Finance International Limited by 2.1% in the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock valued at $150,000 after acquiring an additional 226 shares during the last quarter. Advisory Services Network LLC lifted its position in Ship Finance International Limited by 0.4% in the second quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock valued at $1,090,000 after acquiring an additional 288 shares during the last quarter. Geneva Advisors LLC lifted its position in Ship Finance International Limited by 3.2% in the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock valued at $173,000 after acquiring an additional 400 shares during the last quarter. Finally, LVM Capital Management Ltd. MI lifted its position in Ship Finance International Limited by 0.5% in the second quarter. LVM Capital Management Ltd. MI now owns 164,600 shares of the shipping company’s stock valued at $2,239,000 after acquiring an additional 800 shares during the last quarter. 24.33% of the stock is owned by hedge funds and other institutional investors.

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About Ship Finance International Limited

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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