Hsbc Holdings PLC boosted its position in Ship Finance International Limited (NYSE:SFL) by 56.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 381,820 shares of the shipping company’s stock after acquiring an additional 137,030 shares during the period. Hsbc Holdings PLC owned 0.31% of Ship Finance International worth $5,304,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SFL. Amalgamated Bank bought a new stake in Ship Finance International in the 2nd quarter valued at about $169,000. Trilogy Capital Inc. bought a new stake in Ship Finance International in the 2nd quarter valued at about $219,000. MML Investors Services LLC grew its holdings in Ship Finance International by 37.9% during the 3rd quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock valued at $246,000 after buying an additional 4,868 shares in the last quarter. Moody National Bank Trust Division grew its holdings in Ship Finance International by 34.5% during the 3rd quarter. Moody National Bank Trust Division now owns 20,680 shares of the shipping company’s stock valued at $288,000 after buying an additional 5,300 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Ship Finance International by 1,180.3% during the 2nd quarter. Macquarie Group Ltd. now owns 26,400 shares of the shipping company’s stock valued at $395,000 after buying an additional 24,338 shares in the last quarter. Institutional investors and hedge funds own 29.20% of the company’s stock.
SFL stock opened at $12.75 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 10.71 and a beta of 1.21. Ship Finance International Limited has a twelve month low of $11.50 and a twelve month high of $15.98.
Ship Finance International (NYSE:SFL) last posted its earnings results on Tuesday, November 20th. The shipping company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $111.00 million during the quarter, compared to analyst estimates of $114.96 million. Ship Finance International had a return on equity of 9.68% and a net margin of 22.77%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Sell-side analysts expect that Ship Finance International Limited will post 0.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.98%. The ex-dividend date of this dividend is Tuesday, December 11th. Ship Finance International’s payout ratio is 117.65%.
SFL has been the subject of a number of recent analyst reports. Nordea Equity Research raised Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research raised Ship Finance International from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. ValuEngine lowered Ship Finance International from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. UBS Group raised Ship Finance International from a “sell” rating to a “buy” rating in a report on Thursday, November 29th. Finally, TheStreet lowered Ship Finance International from a “b” rating to a “c+” rating in a report on Thursday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Ship Finance International currently has an average rating of “Hold” and a consensus target price of $15.38.
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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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