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. “
Other equities analysts also recently issued research reports about the company. Jefferies Group set a $15.00 price target on Ship Finance International and gave the company a hold rating in a report on Wednesday, July 27th. Clarkson Capital reiterated a neutral rating on shares of Ship Finance International in a report on Friday, June 17th. Finally, Seaport Global Securities initiated coverage on Ship Finance International in a report on Monday, August 22nd. They set a neutral rating and a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $17.00.
Shares of Ship Finance International (NYSE:SFL) opened at 14.04 on Thursday. The firm has a market capitalization of $1.31 billion, a PE ratio of 8.20 and a beta of 1.28. The firm’s 50 day moving average is $14.65 and its 200-day moving average is $14.89. Ship Finance International has a one year low of $9.83 and a one year high of $17.80.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.09. Ship Finance International had a net margin of 41.55% and a return on equity of 17.86%. On average, equities research analysts predict that Ship Finance International will post $2.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Monday, September 12th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.82%. The ex-dividend date was Thursday, September 8th. Ship Finance International’s dividend payout ratio is currently 90.45%.
Several large investors have recently made changes to their positions in SFL. BlackRock Inc. boosted its stake in shares of Ship Finance International by 65.5% in the first quarter. BlackRock Inc. now owns 32,301 shares of the company’s stock worth $449,000 after buying an additional 12,783 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Ship Finance International by 26.5% in the first quarter. TIAA CREF Investment Management LLC now owns 238,344 shares of the company’s stock worth $3,311,000 after buying an additional 49,876 shares during the last quarter. Prudential Financial Inc. raised its position in Ship Finance International by 56.5% in the first quarter. Prudential Financial Inc. now owns 523,609 shares of the company’s stock worth $7,273,000 after buying an additional 189,100 shares during the last quarter. American Century Companies Inc. raised its position in Ship Finance International by 13.7% in the second quarter. American Century Companies Inc. now owns 58,825 shares of the company’s stock worth $867,000 after buying an additional 7,092 shares during the last quarter. Finally, Zebra Capital Management LLC raised its position in Ship Finance International by 36.5% in the first quarter. Zebra Capital Management LLC now owns 134,956 shares of the company’s stock worth $1,875,000 after buying an additional 36,108 shares during the last quarter. Institutional investors own 29.60% of the company’s stock.
Ship Finance International Company Profile
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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