Zacks Investment Research cut shares of Ship Finance International Ltd. (NYSE:SFL) from a hold rating to a strong sell rating in a report issued on Thursday morning.

According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “

A number of other analysts have also recently issued reports on SFL. Jefferies Group set a $15.00 target price on Ship Finance International and gave the stock a hold rating in a research note on Wednesday, July 27th. Clarkson Capital reissued a neutral rating on shares of Ship Finance International in a research note on Friday, June 17th. Finally, Seaport Global Securities began coverage on Ship Finance International in a research note on Monday, August 22nd. They set a neutral rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given 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 $17.00.

Ship Finance International (NYSE:SFL) traded down 0.07% during trading on Thursday, hitting $14.27. 68,250 shares of the stock were exchanged. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 8.34 and a beta of 1.28. Ship Finance International has a 1-year low of $9.83 and a 1-year high of $17.80. The firm’s 50 day moving average price is $14.75 and its 200-day moving average price is $14.87.

Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, August 24th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.09. Ship Finance International had a return on equity of 17.86% and a net margin of 41.55%. On average, analysts anticipate that Ship Finance International will post $2.00 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Monday, September 12th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date of this dividend was Thursday, September 8th. Ship Finance International’s dividend payout ratio (DPR) is currently 90.45%.

Several large investors have recently added to or reduced their stakes in SFL. Engineers Gate Manager LP bought a new stake in Ship Finance International during the second quarter valued at approximately $151,000. PNC Financial Services Group Inc. increased its stake in Ship Finance International by 10.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,715 shares of the company’s stock valued at $157,000 after buying an additional 976 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in Ship Finance International by 2.4% in the first quarter. Arete Wealth Advisors LLC now owns 11,317 shares of the company’s stock valued at $157,000 after buying an additional 267 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Ship Finance International during the second quarter valued at approximately $183,000. Finally, Quantbot Technologies LP bought a new stake in Ship Finance International during the second quarter valued at approximately $185,000. 29.53% of the stock is owned by institutional investors.

Ship Finance International 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.

5 Day Chart for NYSE:SFL

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