Stifel Financial Corp acquired a new position in Ship Finance International Limited (NYSE:SFL) during the first quarter, Holdings Channel reports. The firm acquired 10,793 shares of the shipping company’s stock, valued at approximately $160,000.

Other institutional investors also recently bought and sold shares of the company. Eqis Capital Management Inc. raised its position in Ship Finance International Limited by 74.8% in the first quarter. Eqis Capital Management Inc. now owns 24,265 shares of the shipping company’s stock worth $357,000 after buying an additional 10,385 shares in the last quarter. Geneva Advisors LLC raised its position in Ship Finance International Limited by 1.4% in the first quarter. Geneva Advisors LLC now owns 12,335 shares of the shipping company’s stock worth $181,000 after buying an additional 176 shares in the last quarter. Bowling Portfolio Management LLC bought a new position in Ship Finance International Limited during the first quarter worth approximately $461,000. Advisory Services Network LLC bought a new position in Ship Finance International Limited during the first quarter worth approximately $1,174,000. Finally, James Investment Research Inc. raised its position in Ship Finance International Limited by 10.4% in the first quarter. James Investment Research Inc. now owns 666,910 shares of the shipping company’s stock worth $9,804,000 after buying an additional 63,025 shares in the last quarter. 26.93% of the stock is currently owned by institutional investors.

Ship Finance International Limited (SFL) opened at 12.90 on Friday. The company has a 50 day moving average price of $13.38 and a 200-day moving average price of $14.29. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.34 and a beta of 1.38. Ship Finance International Limited has a 1-year low of $12.07 and a 1-year high of $16.10.

Ship Finance International Limited (NYSE:SFL) last posted its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Ship Finance International Limited had a return on equity of 12.65% and a net margin of 33.62%. The business had revenue of $96.88 million for the quarter, compared to analyst estimates of $102.70 million. On average, analysts forecast that Ship Finance International Limited will post $0.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.80 annualized dividend and a yield of 13.95%. Ship Finance International Limited’s payout ratio is 125.88%.

ILLEGAL ACTIVITY NOTICE: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/07/09/10793-shares-in-ship-finance-international-limited-sfl-acquired-by-stifel-financial-corp.html.

A number of research firms recently commented on SFL. Zacks Investment Research raised Ship Finance International Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine lowered Ship Finance International Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC raised Ship Finance International Limited to a “hold” rating and set a $15.00 price objective on the stock in a research note on Monday, June 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ship Finance International Limited has an average rating of “Hold” and a consensus price target of $15.67.

Ship Finance International Limited 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.

Want to see what other hedge funds are holding SFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ship Finance International Limited (NYSE:SFL).

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

Receive News & Ratings for Ship Finance International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ship Finance International Limited and related companies with MarketBeat.com's FREE daily email newsletter.