Ship Finance International Limited (NYSE:SFL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine downgraded Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC upgraded Ship Finance International Limited to a “hold” rating and set a $15.00 price objective for the company in a research report on Monday, June 5th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.67.

Shares of Ship Finance International Limited (NYSE SFL) traded up 2.26% during midday trading on Friday, hitting $13.60. The stock had a trading volume of 1,507,290 shares. The firm has a 50-day moving average of $13.38 and a 200 day moving average of $14.29. Ship Finance International Limited has a 12-month low of $12.07 and a 12-month high of $16.10. The firm has a market cap of $1.27 billion, a PE ratio of 9.85 and a beta of 1.37.

Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings data on Tuesday, May 30th. The shipping company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Ship Finance International Limited had a return on equity of 12.65% and a net margin of 33.62%. The company had revenue of $96.88 million during the quarter, compared to the consensus estimate of $102.70 million. On average, analysts expect that Ship Finance International Limited will post $0.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.80 annualized dividend and a dividend yield of 13.24%. Ship Finance International Limited’s dividend payout ratio (DPR) is presently 125.88%.

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Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Ship Finance International Limited by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 2,602,909 shares of the shipping company’s stock valued at $38,263,000 after buying an additional 172,927 shares during the period. State Street Corp increased its position in Ship Finance International Limited by 13.5% in the first quarter. State Street Corp now owns 1,184,359 shares of the shipping company’s stock valued at $17,413,000 after buying an additional 140,650 shares during the period. James Investment Research Inc. increased its position in Ship Finance International Limited by 10.4% in the first quarter. James Investment Research Inc. now owns 666,910 shares of the shipping company’s stock valued at $9,804,000 after buying an additional 63,025 shares during the period. Doheny Asset Management CA increased its position in Ship Finance International Limited by 2.1% in the first quarter. Doheny Asset Management CA now owns 626,609 shares of the shipping company’s stock valued at $9,211,000 after buying an additional 13,000 shares during the period. Finally, Guggenheim Capital LLC increased its position in Ship Finance International Limited by 28.3% in the fourth quarter. Guggenheim Capital LLC now owns 453,922 shares of the shipping company’s stock valued at $6,740,000 after buying an additional 100,076 shares during the period. Institutional investors and hedge funds own 26.93% of the company’s stock.

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.

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