51,123 Shares in Ship Finance International Limited (SFL) Acquired by Trexquant Investment LP
Trexquant Investment LP purchased a new stake in shares of Ship Finance International Limited (NYSE:SFL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 51,123 shares of the shipping company’s stock, valued at approximately $741,000. Trexquant Investment LP owned 0.05% of Ship Finance International at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in Ship Finance International by 28.7% in the 2nd quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock worth $39,681,000 after purchasing an additional 650,211 shares during the period. State Street Corp increased its stake in Ship Finance International by 5.2% in the 2nd quarter. State Street Corp now owns 1,246,160 shares of the shipping company’s stock worth $16,949,000 after buying an additional 61,801 shares in the last quarter. Global X MANAGEMENT CO LLC increased its stake in Ship Finance International by 5.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 659,971 shares of the shipping company’s stock worth $9,570,000 after buying an additional 34,469 shares in the last quarter. Global X Management Co. LLC increased its stake in Ship Finance International by 4.8% in the 2nd quarter. Global X Management Co. LLC now owns 625,502 shares of the shipping company’s stock worth $8,507,000 after buying an additional 28,613 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Ship Finance International by 86.2% in the 2nd quarter. Gotham Asset Management LLC now owns 573,465 shares of the shipping company’s stock worth $7,799,000 after buying an additional 265,450 shares in the last quarter. 32.65% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Ship Finance International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Clarkson Capital upgraded Ship Finance International from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Ship Finance International currently has an average rating of “Hold” and a consensus target price of $16.00.
Shares of Ship Finance International Limited (NYSE:SFL) traded up $0.05 during trading on Thursday, hitting $15.90. The stock had a trading volume of 1,096,400 shares, compared to its average volume of 897,000. The stock has a market capitalization of $1,482.05, a price-to-earnings ratio of 11.92 and a beta of 1.40. Ship Finance International Limited has a 52-week low of $12.30 and a 52-week high of $16.10.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The firm had revenue of $93.67 million during the quarter, compared to analyst estimates of $97.50 million. Ship Finance International had a return on equity of 10.97% and a net margin of 28.66%. equities research analysts expect that Ship Finance International Limited will post 1.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, December 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.81%. Ship Finance International’s payout ratio is 117.65%.
About Ship Finance International
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.
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