Ship Finance International Ltd. (SFL) Trading Up 3.8%
Ship Finance International Ltd. (NYSE:SFL)’s share price was up 3.8% during mid-day trading on Monday . The company traded as high as $14.83 and last traded at $14.78, with a volume of 358,651 shares. The stock had previously closed at $14.24.
A number of equities analysts have issued reports on SFL shares. Zacks Investment Research cut Ship Finance International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 26th. Clarkson Capital reiterated a “neutral” rating on shares of Ship Finance International in a report on Friday, June 17th.
The firm has a market capitalization of $1.42 billion and a P/E ratio of 7.70. The company has a 50-day moving average price of $15.03 and a 200-day moving average price of $14.27.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Tuesday, May 31st. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $174 million for the quarter, compared to analysts’ expectations of $116 million. Analysts anticipate that Ship Finance International Ltd. will post $2.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Tuesday, June 14th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.14%. The ex-dividend date of this dividend was Friday, June 10th.
Several institutional investors recently modified their holdings of the company. WBI Investments Inc. bought a new position in shares of Ship Finance International during the fourth quarter worth approximately $4,313,000. Bank of Montreal Can raised its position in Ship Finance International by 27,027.8% in the fourth quarter. Bank of Montreal Can now owns 115,293 shares of the company’s stock valued at $1,910,000 after buying an additional 114,868 shares in the last quarter. Afam Capital Inc. raised its position in Ship Finance International by 1.5% in the fourth quarter. Afam Capital Inc. now owns 222,935 shares of the company’s stock valued at $3,694,000 after buying an additional 3,333 shares in the last quarter. California Public Employees Retirement System raised its position in Ship Finance International by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 212,900 shares of the company’s stock valued at $3,528,000 after buying an additional 4,300 shares in the last quarter. Finally, LSV Asset Management raised its position in Ship Finance International by 1,259.2% in the fourth quarter. LSV Asset Management now owns 879,364 shares of the company’s stock valued at $14,571,000 after buying an additional 814,665 shares in the last quarter.
Ship Finance International Limited is an international ship owning and chartering company. The Company is engaged primarily in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. The Company operates through subsidiaries, partnerships and branches located in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the United Kingdom and the Marshall Islands.
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