Northern Trust Corp cut its holdings in Ship Finance International Limited (NYSE:SFL) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,432,971 shares of the shipping company’s stock after selling 26,931 shares during the period. Northern Trust Corp’s holdings in Ship Finance International were worth $36,149,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. increased its holdings in Ship Finance International by 4.4% in the third quarter. Prudential Financial Inc. now owns 581,929 shares of the shipping company’s stock valued at $8,089,000 after purchasing an additional 24,460 shares during the last quarter. Rhumbline Advisers increased its holdings in Ship Finance International by 129.7% in the third quarter. Rhumbline Advisers now owns 349,978 shares of the shipping company’s stock valued at $4,865,000 after purchasing an additional 197,644 shares during the last quarter. MML Investors Services LLC increased its holdings in Ship Finance International by 37.9% in the third quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 4,868 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Ship Finance International by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 3,224,434 shares of the shipping company’s stock valued at $44,819,000 after purchasing an additional 234,378 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in Ship Finance International by 32.0% in the third quarter. Martingale Asset Management L P now owns 198,028 shares of the shipping company’s stock valued at $2,753,000 after purchasing an additional 48,000 shares during the last quarter. Hedge funds and other institutional investors own 28.22% of the company’s stock.

NYSE:SFL opened at $12.12 on Monday. Ship Finance International Limited has a 1 year low of $10.31 and a 1 year high of $15.65. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 11.77 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Tuesday, March 12th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $1.40 dividend on an annualized basis and a yield of 11.55%. Ship Finance International’s payout ratio is 135.92%.

A number of research firms have issued reports on SFL. Zacks Investment Research cut Ship Finance International from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 1st. B. Riley set a $14.00 target price on Ship Finance International and gave the company a “hold” rating in a research note on Thursday, March 7th. UBS Group raised Ship Finance International from a “sell” rating to a “buy” rating in a research note on Thursday, November 29th. Pareto Securities raised Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Citigroup began coverage on Ship Finance International in a research note on Thursday, December 27th. They issued a “neutral” rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Ship Finance International currently has a consensus rating of “Hold” and an average target price of $14.25.

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About Ship Finance International

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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