Doheny Asset Management CA Raises Position in Ship Finance International Limited (SFL)

Doheny Asset Management CA increased its stake in shares of Ship Finance International Limited (NYSE:SFL) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 626,609 shares of the shipping company’s stock after buying an additional 13,000 shares during the period. Ship Finance International Limited accounts for 4.2% of Doheny Asset Management CA’s holdings, making the stock its 4th largest position. Doheny Asset Management CA owned 0.67% of Ship Finance International Limited worth $9,211,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SFL. Two Sigma Investments LP bought a new position in shares of Ship Finance International Limited during the fourth quarter valued at approximately $4,291,000. Bank of New York Mellon Corp increased its position in shares of Ship Finance International Limited by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 2,602,909 shares of the shipping company’s stock valued at $38,263,000 after buying an additional 172,927 shares during the period. Norges Bank bought a new position in shares of Ship Finance International Limited during the fourth quarter valued at approximately $1,697,000. WFG Advisors LP bought a new position in shares of Ship Finance International Limited during the fourth quarter valued at approximately $4,487,000. Finally, Oxford Asset Management bought a new position in shares of Ship Finance International Limited during the first quarter valued at approximately $1,513,000. Institutional investors own 27.08% of the company’s stock.

Institutional Ownership by Quarter for Ship Finance International Limited (NYSE:SFL)

Ship Finance International Limited (NYSE:SFL) traded up 2.19% during midday trading on Friday, hitting $14.00. The stock had a trading volume of 418,436 shares. The firm has a 50-day moving average price of $13.98 and a 200-day moving average price of $14.39. Ship Finance International Limited has a 1-year low of $12.07 and a 1-year high of $16.28. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.35 and a beta of 1.30.

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Separately, Zacks Investment Research upgraded Ship Finance International Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, February 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.67.

Ship Finance International Limited 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.

12 Month Chart for NYSE:SFL

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