Ship Finance International Limited (NYSE:SFL) was upgraded by research analysts at Jefferies Group LLC to a “hold” rating in a research report issued to clients and investors on Monday, June 5th, Marketbeat Ratings reports. The firm currently has a $15.00 price target on the shipping company’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 9.49% from the company’s current price.
SFL has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a report on Saturday, March 4th. ValuEngine downgraded shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.67.
Shares of Ship Finance International Limited (NYSE SFL) traded up 0.74% during midday trading on Monday, hitting $13.70. The stock had a trading volume of 1,625,779 shares. Ship Finance International Limited has a 12-month low of $12.07 and a 12-month high of $16.10. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 9.92 and a beta of 1.37. The company’s 50-day moving average price is $13.38 and its 200-day moving average price is $14.29.
Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. Ship Finance International Limited had a net margin of 33.62% and a return on equity of 12.65%. The business had revenue of $96.88 million for the quarter, compared to analyst estimates of $102.70 million. Equities research analysts forecast that Ship Finance International Limited will post $0.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.14%. The ex-dividend date of this dividend was Wednesday, June 14th. Ship Finance International Limited’s dividend payout ratio is currently 125.88%.
Several hedge funds have recently modified their holdings of SFL. Geneva Advisors LLC increased its stake in shares of Ship Finance International Limited by 1.4% in the first quarter. Geneva Advisors LLC now owns 12,335 shares of the shipping company’s stock worth $181,000 after buying an additional 176 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Ship Finance International Limited by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,603 shares of the shipping company’s stock worth $172,000 after buying an additional 729 shares during the period. Albert D Mason Inc. increased its stake in shares of Ship Finance International Limited by 2.3% in the first quarter. Albert D Mason Inc. now owns 46,190 shares of the shipping company’s stock worth $679,000 after buying an additional 1,025 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Ship Finance International Limited by 2.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 41,710 shares of the shipping company’s stock worth $619,000 after buying an additional 1,128 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Ship Finance International Limited by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 98,262 shares of the shipping company’s stock worth $1,459,000 after buying an additional 1,743 shares during the period. 26.93% of the stock is owned by institutional investors.
Source: MarketBeat