Rhumbline Advisers lowered its position in Ship Finance International Limited (NYSE:SFL) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,658 shares of the shipping company’s stock after selling 3,185 shares during the period. Rhumbline Advisers owned about 0.14% of Ship Finance International Limited worth $1,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SFL. Quantbot Technologies LP bought a new stake in shares of Ship Finance International Limited in the 1st quarter valued at $124,000. Stifel Financial Corp bought a new stake in shares of Ship Finance International Limited in the 1st quarter valued at $160,000. Principal Financial Group Inc. bought a new stake in shares of Ship Finance International Limited in the 1st quarter valued at $186,000. CWA Asset Management Group LLC increased its position in shares of Ship Finance International Limited by 31.6% in the 1st quarter. CWA Asset Management Group LLC now owns 13,755 shares of the shipping company’s stock valued at $202,000 after buying an additional 3,300 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Ship Finance International Limited by 40.3% in the 1st quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock valued at $212,000 after buying an additional 4,150 shares in the last quarter. Institutional investors and hedge funds own 24.33% of the company’s stock.

A number of analysts recently commented on SFL shares. ValuEngine cut shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of Ship Finance International Limited from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Jefferies Group LLC raised shares of Ship Finance International Limited to a “hold” rating and set a $15.00 target price for the company in a research note on Monday, June 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.50.

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Ship Finance International Limited (NYSE:SFL) opened at 14.20 on Friday. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.10. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.28 and a beta of 1.36. The company has a 50-day moving average of $13.58 and a 200-day moving average of $13.75.

Ship Finance International Limited (NYSE:SFL) last posted its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The firm had revenue of $94.22 million during the quarter, compared to the consensus estimate of $95.70 million. On average, equities analysts forecast that Ship Finance International Limited will post $1.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Thursday, September 14th. Ship Finance International Limited’s dividend payout ratio (DPR) is currently 113.82%.

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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Institutional Ownership by Quarter for Ship Finance International Limited (NYSE:SFL)

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