Raymond James Financial Services Advisors Inc. Takes Position in Ship Finance International Limited (SFL)

Raymond James Financial Services Advisors Inc. purchased a new position in shares of Ship Finance International Limited (NYSE:SFL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,688 shares of the shipping company’s stock, valued at approximately $145,000.

A number of other large investors also recently bought and sold shares of SFL. Ameriprise Financial Inc. raised its stake in Ship Finance International Limited by 40.3% during the first quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock worth $212,000 after purchasing an additional 4,150 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Ship Finance International Limited by 29.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 80,270 shares of the shipping company’s stock valued at $1,180,000 after acquiring an additional 18,095 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ship Finance International Limited by 115.9% in the 1st quarter. JPMorgan Chase & Co. now owns 77,661 shares of the shipping company’s stock valued at $1,141,000 after acquiring an additional 41,683 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Ship Finance International Limited in the 1st quarter valued at $186,000. Finally, Wellington Management Group LLP purchased a new position in shares of Ship Finance International Limited in the 1st quarter valued at $450,000. 27.06% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on SFL. Zacks Investment Research downgraded shares of Ship Finance International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Clarkson Capital raised shares of Ship Finance International Limited from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Ship Finance International Limited currently has a consensus rating of “Hold” and an average target price of $16.00.

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Ship Finance International Limited (NYSE SFL) opened at $14.85 on Wednesday. Ship Finance International Limited has a one year low of $12.30 and a one year high of $16.10. The company has a market cap of $1,411.92, a price-to-earnings ratio of 11.02 and a beta of 1.40.

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, beating the Zacks’ consensus estimate 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 business had revenue of $94.22 million for the quarter, compared to the consensus estimate of $95.70 million. analysts anticipate that Ship Finance International Limited will post 1.22 earnings per share for the current year.

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.

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

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