Moody National Bank Trust Division Purchases 5,300 Shares of Ship Finance International Limited (SFL)

Moody National Bank Trust Division boosted its position in Ship Finance International Limited (NYSE:SFL) by 34.5% during the 3rd quarter, Holdings Channel reports. The firm owned 20,680 shares of the shipping company’s stock after buying an additional 5,300 shares during the quarter. Moody National Bank Trust Division’s holdings in Ship Finance International were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Ship Finance International by 2.5% during the 1st quarter. BlackRock Inc. now owns 2,792,346 shares of the shipping company’s stock worth $39,930,000 after acquiring an additional 67,853 shares in the last quarter. UBS Group AG boosted its stake in shares of Ship Finance International by 79.5% during the 1st quarter. UBS Group AG now owns 146,149 shares of the shipping company’s stock worth $2,090,000 after acquiring an additional 64,717 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Ship Finance International by 86.3% during the 1st quarter. LPL Financial LLC now owns 31,460 shares of the shipping company’s stock worth $450,000 after acquiring an additional 14,577 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ship Finance International by 58.7% during the 1st quarter. Legal & General Group Plc now owns 47,319 shares of the shipping company’s stock worth $676,000 after acquiring an additional 17,507 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ship Finance International during the 1st quarter worth about $210,000. Hedge funds and other institutional investors own 31.33% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Ship Finance International from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. TheStreet lowered shares of Ship Finance International from a “b” rating to a “c+” rating in a research note on Thursday, August 23rd. ValuEngine lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Finally, Nordea Equity Research raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.38.

SFL stock opened at $12.74 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.50. Ship Finance International Limited has a 52-week low of $11.90 and a 52-week high of $15.98. The stock has a market cap of $1.54 billion, a PE ratio of 10.71 and a beta of 1.21.

Ship Finance International (NYSE:SFL) last issued its quarterly 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 firm had revenue of $96.80 million for the quarter, compared to analyst estimates 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 period last year, the company posted $0.35 EPS. Sell-side analysts forecast that Ship Finance International Limited will post 1.11 earnings per share for the current fiscal year.

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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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