Sunbelt Securities Inc. acquired a new position in Ship Finance International Limited (NYSE:SFL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,425 shares of the shipping company’s stock, valued at approximately $146,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in Ship Finance International in the second quarter valued at approximately $92,000. Aperio Group LLC acquired a new position in Ship Finance International in the 2nd quarter worth approximately $103,000. US Bancorp DE increased its holdings in Ship Finance International by 121.1% in the 2nd quarter. US Bancorp DE now owns 8,271 shares of the shipping company’s stock worth $103,000 after buying an additional 4,531 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Ship Finance International in the 3rd quarter worth approximately $154,000. Finally, Weiss Asset Management LP purchased a new position in Ship Finance International during the 2nd quarter worth approximately $155,000. 31.46% of the stock is owned by hedge funds and other institutional investors.
NYSE SFL opened at $14.09 on Tuesday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 13.68 and a beta of 1.19. The stock has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $13.53. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.46 and a current ratio of 1.31. Ship Finance International Limited has a fifty-two week low of $10.31 and a fifty-two week high of $15.10.
Ship Finance International (NYSE:SFL) last posted its earnings results on Thursday, November 21st. The shipping company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.04 by $0.24. The firm had revenue of $111.50 million for the quarter, compared to analyst estimates of $112.31 million. Ship Finance International had a return on equity of 8.69% and a net margin of 15.08%. Ship Finance International’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, analysts forecast that Ship Finance International Limited will post 0.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.94%. The ex-dividend date is Friday, December 13th. Ship Finance International’s payout ratio is presently 135.92%.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TheStreet upgraded shares of Ship Finance International from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Finally, B. Riley reissued a “hold” rating and set a $15.50 target price on shares of Ship Finance International in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.17.
In related news, insider Cullen Keith acquired 600,000 shares of the stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $0.05 per share, for a total transaction of $30,000.00.
Ship Finance International Profile
Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.
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