Ship Finance International Ltd. (SFL) Stock Price Down 3.2%
Ship Finance International Ltd. (NYSE:SFL) shares traded down 3.2% during mid-day trading on Thursday . The company traded as low as $13.77 and last traded at $13.79, with a volume of 720,057 shares. The stock had previously closed at $14.25.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Clarkson Capital restated a “neutral” rating on shares of Ship Finance International in a research report on Friday, June 17th.
The stock has a market cap of $1.30 billion and a price-to-earnings ratio of 7.02. The firm has a 50 day moving average price of $15.09 and a 200-day moving average price of $14.31.
Ship Finance International (NYSE:SFL) last released 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 the consensus estimate of $116 million. Equities analysts expect that Ship Finance International Ltd. will post $2.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Tuesday, June 14th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date of this dividend was Friday, June 10th.
A number of institutional investors recently made changes to their positions in SFL. WBI Investments Inc. bought a new position in shares of Ship Finance International during the fourth quarter worth about $4,313,000. Bank of Montreal Can raised its position in shares of 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 worth $1,910,000 after buying an additional 114,868 shares during the period. Afam Capital Inc. raised its position in shares of Ship Finance International by 1.5% in the fourth quarter. Afam Capital Inc. now owns 222,935 shares of the company’s stock worth $3,694,000 after buying an additional 3,333 shares during the period. California Public Employees Retirement System raised its position in shares of 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 worth $3,528,000 after buying an additional 4,300 shares during the period. Finally, LSV Asset Management raised its position in shares of Ship Finance International by 1,259.2% in the fourth quarter. LSV Asset Management now owns 879,364 shares of the company’s stock worth $14,571,000 after buying an additional 814,665 shares during the period.
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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