Ship Finance International (NYSE:SFL) gapped down before the market opened on Friday . The stock had previously closed at $14.30, but opened at $14.05. Ship Finance International shares last traded at $14.02, with a volume of 1104920 shares traded.
Several equities research analysts have recently commented on the stock. Goldman Sachs downgraded 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 boosted their target price on shares of Ship Finance International from $13.50 to $14.50 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. Finally, ValuEngine downgraded shares of Ship Finance International from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.
The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $1,446.18, a P/E ratio of 11.81 and a beta of 1.33.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Monday, March 19th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date of this dividend was Friday, March 16th. Ship Finance International’s payout ratio is 117.65%.
A number of hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Ship Finance International in the 4th quarter worth about $441,000. Macquarie Group Ltd. bought a new stake in Ship Finance International in the 4th quarter worth about $467,000. Millennium Management LLC bought a new stake in Ship Finance International in the 4th quarter worth about $1,401,000. Two Sigma Advisers LP grew its position in Ship Finance International by 81.1% in the 4th quarter. Two Sigma Advisers LP now owns 55,600 shares of the shipping company’s stock worth $862,000 after purchasing an additional 24,900 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Ship Finance International by 404.6% in the 4th quarter. Renaissance Technologies LLC now owns 464,915 shares of the shipping company’s stock worth $7,206,000 after purchasing an additional 372,783 shares in the last quarter. 33.67% of the stock is owned by institutional investors and hedge funds.
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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