Ship Finance International (NYSE:SFL) shares fell 5.4% on Thursday . The company traded as low as $13.70 and last traded at $14.05. 6,438,228 shares changed hands during trading, an increase of 1,026% from the average session volume of 571,710 shares. The stock had previously closed at $14.85.
A number of research firms recently weighed in on SFL. Goldman Sachs lowered shares of Ship Finance International from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 17th. Zacks Investment Research raised shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 15th. Morgan Stanley raised their price target on shares of Ship Finance International from $13.50 to $14.50 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Finally, ValuEngine lowered shares of Ship Finance International from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.50.
The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market cap of $1,518.23, a price-to-earnings ratio of 11.81 and a beta of 1.33.
Ship Finance International (NYSE:SFL) last posted its quarterly earnings data on Tuesday, February 27th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Ship Finance International had a return on equity of 10.08% and a net margin of 26.57%. The company had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $96.88 million. equities analysts anticipate that Ship Finance International will post 0.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Monday, March 19th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.40 dividend on an annualized basis and a yield of 9.96%. Ship Finance International’s dividend payout ratio (DPR) is presently 117.65%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Ship Finance International during the third quarter worth about $187,000. Ramsey Quantitative Systems purchased a new stake in Ship Finance International during the fourth quarter worth about $252,000. Legal & General Group Plc increased its holdings in Ship Finance International by 30.2% during the third quarter. Legal & General Group Plc now owns 22,412 shares of the shipping company’s stock worth $325,000 after buying an additional 5,205 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Ship Finance International during the fourth quarter worth about $365,000. Finally, Quadrature Capital Ltd purchased a new stake in Ship Finance International during the fourth quarter worth about $368,000. Institutional investors and hedge funds own 33.67% of the company’s stock.
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Ship Finance International Company 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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