According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “
A number of other equities research analysts also recently weighed in on the company. Seaport Global Securities assumed coverage on Ship Finance International in a report on Monday, August 22nd. They issued a neutral rating and a $16.00 target price for the company. Jefferies Group set a $15.00 price objective on Ship Finance International and gave the company a hold rating in a report on Wednesday, July 27th. Finally, Clarkson Capital restated a neutral rating on shares of Ship Finance International in a report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $17.00.
Ship Finance International (NYSE:SFL) traded down 0.07% during midday trading on Thursday, hitting $14.27. The stock had a trading volume of 68,250 shares. Ship Finance International has a 1-year low of $9.83 and a 1-year high of $17.80. The stock has a market capitalization of $1.33 billion, a PE ratio of 8.34 and a beta of 1.28. The stock’s 50-day moving average is $14.75 and its 200-day moving average is $14.87.
Ship Finance International (NYSE:SFL) last issued its earnings results on Wednesday, August 24th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.09. Ship Finance International had a return on equity of 17.86% and a net margin of 41.55%. On average, equities research analysts anticipate that Ship Finance International will post $2.00 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Monday, September 12th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.80 annualized dividend and a dividend yield of 12.61%. Ship Finance International’s payout ratio is 90.45%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP bought a new position in shares of Ship Finance International during the second quarter valued at about $151,000. PNC Financial Services Group Inc. boosted its position in shares of Ship Finance International by 10.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,715 shares of the company’s stock valued at $157,000 after buying an additional 976 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in shares of Ship Finance International by 2.4% in the first quarter. Arete Wealth Advisors LLC now owns 11,317 shares of the company’s stock valued at $157,000 after buying an additional 267 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Ship Finance International during the second quarter valued at about $183,000. Finally, Quantbot Technologies LP bought a new position in shares of Ship Finance International during the second quarter valued at about $185,000. 29.53% of the stock is currently owned by institutional investors.
Ship Finance International Company Profile
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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