Afam Capital Inc. increased its stake in shares of Ship Finance International Limited (NYSE:SFL) by 11.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,729 shares of the shipping company’s stock after acquiring an additional 21,879 shares during the period. Afam Capital Inc. owned about 0.23% of Ship Finance International worth $3,172,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SFL. Northern Trust Corp grew its holdings in Ship Finance International by 28.7% during the second quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock worth $39,681,000 after acquiring an additional 650,211 shares during the period. Gotham Asset Management LLC grew its holdings in Ship Finance International by 86.2% during the second quarter. Gotham Asset Management LLC now owns 573,465 shares of the shipping company’s stock worth $7,799,000 after acquiring an additional 265,450 shares during the period. State Street Corp grew its holdings in Ship Finance International by 13.5% during the first quarter. State Street Corp now owns 1,184,359 shares of the shipping company’s stock worth $17,413,000 after acquiring an additional 140,650 shares during the period. LSV Asset Management grew its holdings in Ship Finance International by 48.0% in the second quarter. LSV Asset Management now owns 257,200 shares of the shipping company’s stock valued at $3,497,000 after purchasing an additional 83,400 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Ship Finance International in the third quarter valued at approximately $741,000. 33.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ship Finance International Limited (SFL) traded up $0.10 on Wednesday, reaching $14.80. The company’s stock had a trading volume of 612,100 shares, compared to its average volume of 900,592. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.82 and a current ratio of 0.82. Ship Finance International Limited has a one year low of $12.30 and a one year high of $16.10. The firm has a market capitalization of $1,374.52, a price-to-earnings ratio of 11.05 and a beta of 1.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Friday, December 8th. Ship Finance International’s payout ratio is currently 117.65%.
Several analysts have commented on SFL shares. Zacks Investment Research lowered Ship Finance International from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Clarkson Capital raised Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.
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Ship Finance International 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.
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