Ship Finance International Limited (NYSE:SFL) posted its quarterly earnings results on Wednesday. The shipping company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02, MarketWatch Earnings reports. Ship Finance International Limited had a return on equity of 11.17% and a net margin of 29.59%. The business had revenue of $94.22 million for the quarter, compared to analyst estimates of $95.70 million.

Shares of Ship Finance International Limited (NYSE:SFL) opened at 13.05 on Friday. The stock has a 50 day moving average price of $13.55 and a 200-day moving average price of $13.83. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.45 and a beta of 1.38. Ship Finance International Limited has a 12 month low of $12.07 and a 12 month high of $16.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.73%. Ship Finance International Limited’s dividend payout ratio is currently 146.34%.

Several equities analysts recently issued reports on SFL shares. ValuEngine lowered Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC upgraded Ship Finance International Limited to a “hold” rating and set a $15.00 price target on the stock in a research report on Monday, June 5th. BidaskClub upgraded Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research lowered Ship Finance International Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.50.

Large investors have recently modified their holdings of the company. Advisory Services Network LLC increased its stake in shares of Ship Finance International Limited by 0.4% in the second quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock valued at $1,090,000 after buying an additional 288 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ship Finance International Limited during the second quarter valued at $145,000. The Manufacturers Life Insurance Company increased its stake in shares of Ship Finance International Limited by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock valued at $621,000 after buying an additional 196 shares during the last quarter. BlueCrest Capital Management Ltd increased its stake in shares of Ship Finance International Limited by 12.2% in the second quarter. BlueCrest Capital Management Ltd now owns 29,262 shares of the shipping company’s stock valued at $398,000 after buying an additional 3,173 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Ship Finance International Limited by 5.2% in the second quarter. State Street Corp now owns 1,246,160 shares of the shipping company’s stock valued at $16,949,000 after buying an additional 61,801 shares during the last quarter. Hedge funds and other institutional investors own 24.33% of the company’s stock.

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Ship Finance International Limited 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.

Earnings History for Ship Finance International Limited (NYSE:SFL)

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