Ship Finance International Limited (SFL) Stake Held by Nationwide Fund Advisors

Nationwide Fund Advisors held its stake in shares of Ship Finance International Limited (NYSE:SFL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,582 shares of the shipping company’s stock at the close of the 2nd quarter. Nationwide Fund Advisors’ holdings in Ship Finance International Limited were worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp acquired a new stake in Ship Finance International Limited in the first quarter worth about $160,000. Geneva Advisors LLC boosted its holdings 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 worth $173,000 after acquiring an additional 400 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Ship Finance International Limited in the first quarter worth about $186,000. Ameriprise Financial Inc. boosted its holdings in Ship Finance International Limited by 40.3% in the first quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock worth $212,000 after acquiring an additional 4,150 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its holdings in Ship Finance International Limited by 18.4% in the second quarter. Pacad Investment Ltd. now owns 21,200 shares of the shipping company’s stock worth $288,000 after acquiring an additional 3,300 shares in the last quarter. 26.40% of the stock is owned by institutional investors and hedge funds.

Ship Finance International Limited (NYSE:SFL) last released its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $94.22 million during the quarter, compared to analysts’ expectations of $95.70 million. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%.

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Several brokerages have weighed in on SFL. Zacks Investment Research raised Ship Finance International Limited from a “strong sell” rating to a “hold” rating in a report on Friday, September 15th. Clarkson Capital raised Ship Finance International Limited from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Ship Finance International Limited has an average rating of “Hold” and a consensus target price of $15.00.

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

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