Zacks Investment Research downgraded shares of Ship Finance International (NYSE:SFL) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “

SFL has been the subject of a number of other research reports. ValuEngine downgraded shares of Ship Finance International from a hold rating to a sell rating in a research note on Thursday, September 13th. TheStreet downgraded shares of Ship Finance International from a b rating to a c+ rating in a research note on Thursday, August 23rd. Finally, Nordea Equity Research upgraded shares of Ship Finance International from a hold rating to a buy rating in a research note on Thursday, September 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $16.13.

Shares of SFL stock traded up $0.04 on Friday, reaching $13.18. 1,049,646 shares of the stock were exchanged, compared to its average volume of 786,460. The company has a current ratio of 0.50, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.70 billion, a P/E ratio of 11.08 and a beta of 1.21. Ship Finance International has a twelve month low of $13.03 and a twelve month high of $15.98.

Ship Finance International (NYSE:SFL) last issued its earnings results on Wednesday, August 22nd. The shipping company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $101.65 million. Ship Finance International had a net margin of 23.55% and a return on equity of 9.40%. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Ship Finance International will post 1.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, September 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.40 annualized dividend and a yield of 10.62%. Ship Finance International’s dividend payout ratio is presently 117.65%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its stake in Ship Finance International by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 181,421 shares of the shipping company’s stock valued at $2,712,000 after acquiring an additional 4,053 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Ship Finance International by 1.1% in the first quarter. Guggenheim Capital LLC now owns 655,925 shares of the shipping company’s stock valued at $9,380,000 after acquiring an additional 6,885 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Ship Finance International by 46.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 27,223 shares of the shipping company’s stock valued at $407,000 after acquiring an additional 8,573 shares in the last quarter. PARK CIRCLE Co boosted its stake in Ship Finance International by 33.3% in the second quarter. PARK CIRCLE Co now owns 40,000 shares of the shipping company’s stock valued at $598,000 after acquiring an additional 10,000 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its stake in Ship Finance International by 35.6% in the second quarter. MetLife Investment Advisors LLC now owns 38,547 shares of the shipping company’s stock valued at $576,000 after acquiring an additional 10,119 shares in the last quarter. Institutional investors own 31.12% of the company’s stock.

Ship Finance International Company Profile

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

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