Shares of Ship Finance International Limited (NYSE:SFL) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.83.

SFL has been the topic of a number of recent research reports. Zacks Investment Research downgraded Ship Finance International from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, August 7th. Seaport Global Securities raised Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, June 1st. Finally, TheStreet downgraded Ship Finance International from a “b” rating to a “c+” rating in a research report on Thursday, August 23rd.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Ship Finance International by 51.0% during the second quarter. BlackRock Inc. now owns 4,217,374 shares of the shipping company’s stock worth $63,049,000 after purchasing an additional 1,425,028 shares during the period. Bank of New York Mellon Corp grew its holdings in Ship Finance International by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 2,990,056 shares of the shipping company’s stock worth $44,702,000 after purchasing an additional 58,348 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ship Finance International by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,627,417 shares of the shipping company’s stock worth $39,280,000 after purchasing an additional 498,524 shares during the period. Renaissance Technologies LLC grew its holdings in Ship Finance International by 305.5% during the second quarter. Renaissance Technologies LLC now owns 1,437,962 shares of the shipping company’s stock worth $21,498,000 after purchasing an additional 1,083,330 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in Ship Finance International by 404.5% during the second quarter. OppenheimerFunds Inc. now owns 1,168,834 shares of the shipping company’s stock worth $17,474,000 after purchasing an additional 937,142 shares during the period. Institutional investors and hedge funds own 31.09% of the company’s stock.

Shares of SFL traded down $0.03 during midday trading on Thursday, hitting $14.20. The stock had a trading volume of 41,147 shares, compared to its average volume of 720,247. Ship Finance International has a twelve month low of $12.85 and a twelve month high of $15.98. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.66 and a quick ratio of 0.66.

Ship Finance International (NYSE:SFL) last released its quarterly earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.10. The firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $101.65 million. Ship Finance International had a return on equity of 9.56% and a net margin of 23.55%. During the same quarter last year, the business posted $0.35 EPS. sell-side analysts anticipate that Ship Finance International will post 1.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Friday, September 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date is Thursday, September 13th. Ship Finance International’s payout ratio is currently 117.65%.

About Ship Finance International

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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Analyst Recommendations for Ship Finance International (NYSE:SFL)

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