Numeric Investors LLC raised its holdings in Ship Finance International Limited (NYSE:SFL) by 13.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 351,200 shares of the shipping company’s stock after purchasing an additional 42,400 shares during the quarter. Numeric Investors LLC owned 0.38% of Ship Finance International Limited worth $4,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Voya Investment Management LLC grew its position in Ship Finance International Limited by 12.9% during the 2nd quarter. Voya Investment Management LLC now owns 29,395 shares of the shipping company’s stock worth $400,000 after purchasing an additional 3,368 shares during the period. Virtu KCG Holdings LLC raised its stake in shares of Ship Finance International Limited by 52.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 49,843 shares of the shipping company’s stock valued at $678,000 after buying an additional 17,104 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Ship Finance International Limited by 9.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 87,463 shares of the shipping company’s stock valued at $1,189,000 after buying an additional 7,193 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Ship Finance International Limited by 17.0% during the 2nd quarter. MML Investors Services LLC now owns 13,774 shares of the shipping company’s stock valued at $187,000 after buying an additional 2,003 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Ship Finance International Limited by 28.7% during the 2nd quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock valued at $39,681,000 after buying an additional 650,211 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors.

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A number of analysts have recently commented on the company. Zacks Investment Research downgraded Ship Finance International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub raised Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ship Finance International Limited presently has an average rating of “Hold” and a consensus price target of $15.50.

Shares of Ship Finance International Limited (SFL) opened at 14.75 on Wednesday. The firm has a market cap of $1.38 billion, a PE ratio of 12.18 and a beta of 1.39. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.10. The stock’s 50 day moving average is $13.84 and its 200-day moving average is $13.71.

Ship Finance International Limited (NYSE:SFL) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The company had revenue of $94.22 million for the quarter, compared to analyst estimates of $95.70 million. On average, equities analysts predict that Ship Finance International Limited will post $1.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.40 annualized dividend and a dividend yield of 9.49%. Ship Finance International Limited’s dividend payout ratio (DPR) is 113.82%.

About Ship Finance International Limited

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.

Institutional Ownership by Quarter for Ship Finance International Limited (NYSE:SFL)

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