Bessemer Group Inc. raised its stake in shares of Ship Finance International Limited (NYSE:SFL) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,400 shares of the shipping company’s stock after acquiring an additional 13,200 shares during the period. Bessemer Group Inc. owned about 0.06% of Ship Finance International worth $992,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SFL. Macquarie Group Ltd. raised its stake in shares of Ship Finance International by 1,180.3% during the 2nd quarter. Macquarie Group Ltd. now owns 26,400 shares of the shipping company’s stock worth $395,000 after purchasing an additional 24,338 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Ship Finance International by 26.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 407,709 shares of the shipping company’s stock worth $6,096,000 after purchasing an additional 85,143 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Ship Finance International during the 2nd quarter worth $774,000. Albert D Mason Inc. raised its stake in shares of Ship Finance International by 18.9% during the 2nd quarter. Albert D Mason Inc. now owns 74,155 shares of the shipping company’s stock worth $1,109,000 after purchasing an additional 11,785 shares during the period. Finally, BlueMountain Capital Management LLC raised its stake in shares of Ship Finance International by 17,907.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 34,935 shares of the shipping company’s stock worth $522,000 after purchasing an additional 34,741 shares during the period. Institutional investors and hedge funds own 32.06% of the company’s stock.

Shares of SFL opened at $12.08 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.50 billion, a P/E ratio of 10.15 and a beta of 1.21. Ship Finance International Limited has a fifty-two week low of $11.90 and a fifty-two week high of $15.98.

Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.10. The business had revenue of $96.80 million during the quarter, compared to analyst estimates of $101.65 million. Ship Finance International had a return on equity of 9.40% and a net margin of 23.55%. During the same quarter in the previous year, the firm earned $0.35 EPS. Sell-side analysts expect that Ship Finance International Limited will post 0.87 earnings per share for the current year.

SFL has been the topic of a number of recent analyst reports. Nordea Equity Research upgraded Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded Ship Finance International from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. ValuEngine cut Ship Finance International from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Finally, TheStreet cut Ship Finance International from a “b” rating to a “c+” rating in a research note on Thursday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.38.

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

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