Ship Finance International Limited (NYSE:SFL) has been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.00.
A number of research analysts have recently commented on SFL shares. Clarkson Capital upgraded Ship Finance International from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised Ship Finance International from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, November 3rd. Jefferies Group assumed coverage on Ship Finance International in a research report on Monday, December 18th. They set a “hold” rating and a $15.00 target price for the company. Finally, Goldman Sachs Group lowered Ship Finance International from a “neutral” rating to a “sell” rating in a research report on Wednesday.
Shares of Ship Finance International (NYSE:SFL) traded up $0.10 on Wednesday, hitting $15.50. The stock had a trading volume of 420,218 shares, compared to its average volume of 521,010. Ship Finance International has a one year low of $12.30 and a one year high of $16.10. The company has a market cap of $1,563.17, a PE ratio of 13.03 and a beta of 1.42. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.13.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.03%. The ex-dividend date of this dividend was Friday, December 8th. Ship Finance International’s dividend payout ratio is currently 117.65%.
A number of large investors have recently made changes to their positions in SFL. Northern Trust Corp raised its position in Ship Finance International by 28.7% during the 2nd quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock worth $39,681,000 after purchasing an additional 650,211 shares during the last quarter. Gotham Asset Management LLC raised its position in Ship Finance International by 86.2% during the 2nd quarter. Gotham Asset Management LLC now owns 573,465 shares of the shipping company’s stock worth $7,799,000 after purchasing an additional 265,450 shares during the last quarter. LSV Asset Management raised its position in Ship Finance International by 48.0% during the 2nd quarter. LSV Asset Management now owns 257,200 shares of the shipping company’s stock worth $3,497,000 after purchasing an additional 83,400 shares during the last quarter. Sterling Capital Management LLC bought a new position in Ship Finance International during the 3rd quarter worth $992,000. Finally, State Street Corp raised its position in Ship Finance International by 5.2% during the 2nd quarter. State Street Corp now owns 1,246,160 shares of the shipping company’s stock worth $16,949,000 after purchasing an additional 61,801 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.
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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