Advisory Services Network LLC boosted its position in shares of Ship Finance International Ltd. (NYSE:SFL) by 7,880.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,833 shares of the company’s stock after buying an additional 18,597 shares during the period. Advisory Services Network LLC’s holdings in Ship Finance International were worth $278,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 worth $157,000 after buying an additional 267 shares in the last quarter. BlackRock Japan Co. Ltd purchased a new position in shares of Ship Finance International during the first quarter worth approximately $175,000. Parametrica Management Ltd purchased a new position in shares of Ship Finance International during the second quarter worth approximately $363,000. Commonwealth Equity Services Inc boosted its position in shares of Ship Finance International by 75.7% in the first quarter. Commonwealth Equity Services Inc now owns 28,681 shares of the company’s stock worth $398,000 after buying an additional 12,355 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Ship Finance International by 65.5% in the first quarter. BlackRock Inc. now owns 32,301 shares of the company’s stock worth $449,000 after buying an additional 12,783 shares in the last quarter. 30.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ship Finance International Ltd. (NYSE:SFL) traded down 1.02% during mid-day trading on Friday, reaching $14.52. The company had a trading volume of 1,782,110 shares. The firm has a 50 day moving average of $14.89 and a 200-day moving average of $14.85. The stock has a market capitalization of $1.36 billion, a P/E ratio of 8.48 and a beta of 1.28. Ship Finance International Ltd. has a one year low of $9.83 and a one year high of $17.80.
Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, August 24th. The company reported $0.42 EPS 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%. Analysts forecast that Ship Finance International Ltd. will post $2.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Monday, September 12th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date of this dividend was Thursday, September 8th. Ship Finance International’s payout ratio is 90.45%.
A number of research analysts have recently commented on SFL shares. Zacks Investment Research raised Ship Finance International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Jefferies Group set a $15.00 price objective on Ship Finance International and gave the stock a “hold” rating in a report on Wednesday, July 27th. Seaport Global Securities began coverage on Ship Finance International in a report on Monday, August 22nd. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Clarkson Capital reissued a “neutral” rating on shares of Ship Finance International in a report on Friday, June 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.
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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