Northern Trust Corp increased its holdings in shares of Ship Finance International Limited (NYSE:SFL) by 28.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,917,756 shares of the shipping company’s stock after purchasing an additional 650,211 shares during the period. Northern Trust Corp owned approximately 3.12% of Ship Finance International Limited worth $39,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geneva Advisors LLC grew its stake in Ship Finance International Limited by 3.2% during the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after purchasing an additional 400 shares during the period. LVM Capital Management Ltd. MI grew its stake in Ship Finance International Limited by 0.5% during the second quarter. LVM Capital Management Ltd. MI now owns 164,600 shares of the shipping company’s stock worth $2,239,000 after purchasing an additional 800 shares during the period. TIAA CREF Investment Management LLC grew its stake in Ship Finance International Limited by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 164,002 shares of the shipping company’s stock worth $2,230,000 after purchasing an additional 980 shares during the period. American International Group Inc. grew its stake in Ship Finance International Limited by 6.9% during the first quarter. American International Group Inc. now owns 36,866 shares of the shipping company’s stock worth $542,000 after purchasing an additional 2,394 shares during the period. Finally, Bank of America Corp DE grew its stake in Ship Finance International Limited by 7.8% during the first quarter. Bank of America Corp DE now owns 38,119 shares of the shipping company’s stock worth $560,000 after purchasing an additional 2,772 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Ship Finance International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub raised Ship Finance International Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.00.

Ship Finance International Limited (NYSE:SFL) last released its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $94.22 million during the quarter, compared to analyst estimates of $95.70 million. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.59%. Ship Finance International Limited’s dividend payout ratio (DPR) is 113.82%.

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

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