Shares of Ship Finance International Limited (NYSE:SFL) saw strong trading volume on Wednesday . 6,138,348 shares traded hands during mid-day trading, an increase of 555% from the previous session’s volume of 937,486 shares.The stock last traded at $14.15 and had previously closed at $13.35.

A number of analysts have commented on the company. ValuEngine downgraded Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. 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. Zacks Investment Research downgraded Ship Finance International Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ship Finance International Limited currently has a consensus rating of “Hold” and an average price target of $15.50.

The stock has a market capitalization of $1.32 billion, a P/E ratio of 10.25 and a beta of 1.36. The company has a 50 day moving average price of $13.51 and a 200 day moving average price of $13.75.

Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $94.22 million for the quarter, compared to the consensus estimate of $95.70 million. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%. Analysts expect that Ship Finance International Limited will post $1.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend is Thursday, September 14th. Ship Finance International Limited’s dividend payout ratio (DPR) is presently 146.34%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC boosted its holdings in shares of Ship Finance International Limited by 0.4% during the second quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock worth $1,090,000 after acquiring an additional 288 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Ship Finance International Limited during the second quarter worth approximately $145,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Ship Finance International Limited by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock worth $621,000 after acquiring an additional 196 shares during the period. BlueCrest Capital Management Ltd boosted its holdings in shares of Ship Finance International Limited by 12.2% during the second quarter. BlueCrest Capital Management Ltd now owns 29,262 shares of the shipping company’s stock worth $398,000 after acquiring an additional 3,173 shares during the period. Finally, State Street Corp boosted its holdings in shares of Ship Finance International Limited by 5.2% during the second quarter. State Street Corp now owns 1,246,160 shares of the shipping company’s stock worth $16,949,000 after acquiring an additional 61,801 shares during the period. 24.33% of the stock is currently owned by hedge funds and other institutional investors.

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Ship Finance International Limited 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.

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