Global X Management Co. LLC raised its position in shares of Ship Finance International Limited (NYSE:SFL) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 625,502 shares of the shipping company’s stock after buying an additional 28,613 shares during the period. Global X Management Co. LLC’s holdings in Ship Finance International Limited were worth $8,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SFL. Bowling Portfolio Management LLC increased its position in shares of Ship Finance International Limited by 82.2% in the second quarter. Bowling Portfolio Management LLC now owns 57,124 shares of the shipping company’s stock worth $777,000 after buying an additional 25,779 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in shares of Ship Finance International Limited by 0.5% in the second quarter. LVM Capital Management Ltd. MI now owns 164,600 shares of the shipping company’s stock worth $2,239,000 after buying an additional 800 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Ship Finance International Limited during the first quarter worth about $384,000. Gotham Asset Management LLC increased its position in shares of Ship Finance International Limited by 767.3% in the first quarter. Gotham Asset Management LLC now owns 308,015 shares of the shipping company’s stock worth $4,528,000 after buying an additional 272,502 shares in the last quarter. Finally, State Street Corp increased its position in shares of Ship Finance International Limited by 13.5% in the first quarter. State Street Corp now owns 1,184,359 shares of the shipping company’s stock worth $17,413,000 after buying an additional 140,650 shares in the last quarter. 26.31% of the stock is currently owned by institutional investors.

Ship Finance International Limited (SFL) opened at 13.55 on Friday. Ship Finance International Limited has a 1-year low of $12.07 and a 1-year high of $16.10. The firm has a market capitalization of $1.27 billion, a P/E ratio of 9.81 and a beta of 1.38. The company’s 50-day moving average price is $13.36 and its 200-day moving average price is $14.00.

Ship Finance International Limited (NYSE:SFL) last issued its quarterly earnings data on Tuesday, May 30th. The shipping company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Ship Finance International Limited had a net margin of 33.62% and a return on equity of 12.65%. The business had revenue of $96.88 million during the quarter, compared to analyst estimates of $102.70 million. Equities research analysts expect that Ship Finance International Limited will post $1.06 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Ship Finance International Limited (NYSE:SFL) Position Raised by Global X Management Co. LLC” was published by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/11/ship-finance-international-limited-nysesfl-position-raised-by-global-x-management-co-llc.html.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Ship Finance International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised Ship Finance International Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Jefferies Group LLC raised Ship Finance International Limited to a “hold” rating and set a $15.00 price target on the stock in a research note on Monday, June 5th. Finally, ValuEngine downgraded Ship Finance International Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price 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.