SG Americas Securities LLC lessened its holdings in shares of Ship Finance International Limited (NYSE:SFL) by 79.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,678 shares of the shipping company’s stock after selling 70,102 shares during the quarter. SG Americas Securities LLC’s holdings in Ship Finance International were worth $218,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SFL. Baillie Gifford & Co. boosted its stake in shares of Ship Finance International by 21.7% in the fourth quarter. Baillie Gifford & Co. now owns 10,100 shares of the shipping company’s stock valued at $106,000 after buying an additional 1,800 shares during the period. Pitcairn Co. bought a new stake in Ship Finance International during the fourth quarter worth $133,000. M&T Bank Corp lifted its stake in Ship Finance International by 50.0% during the fourth quarter. M&T Bank Corp now owns 18,000 shares of the shipping company’s stock worth $190,000 after purchasing an additional 6,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Ship Finance International by 12.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,098 shares of the shipping company’s stock worth $191,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Ship Finance International during the fourth quarter worth $197,000. 28.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the company. TheStreet upgraded Ship Finance International from a “c” rating to a “b-” rating in a report on Tuesday, May 21st. Zacks Investment Research downgraded Ship Finance International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine raised shares of Ship Finance International from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Finally, B. Riley set a $14.00 price objective on shares of Ship Finance International and gave the stock a “hold” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ship Finance International currently has a consensus rating of “Hold” and a consensus target price of $13.00.
NYSE:SFL traded up $0.09 on Wednesday, hitting $12.32. The stock had a trading volume of 367,200 shares, compared to its average volume of 612,945. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 1.99. The firm has a market cap of $1.46 billion, a PE ratio of 11.95 and a beta of 1.32. Ship Finance International Limited has a 1 year low of $10.31 and a 1 year high of $15.15. The firm’s fifty day simple moving average is $12.58.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Ship Finance International had a net margin of 18.64% and a return on equity of 9.35%. The company had revenue of $116.54 million during the quarter, compared to analyst estimates of $116.35 million. During the same quarter last year, the business posted $0.24 EPS. Research analysts expect that Ship Finance International Limited will post 0.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.40 dividend on an annualized basis and a yield of 11.36%. Ship Finance International’s dividend payout ratio is 135.92%.
Ship Finance International Profile
Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.
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