AHL Partners LLP decreased its holdings in Ship Finance International Limited (NYSE:SFL) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,859 shares of the shipping company’s stock after selling 9,996 shares during the quarter. AHL Partners LLP owned about 0.08% of Ship Finance International Limited worth $977,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northern Trust Corp raised its position in Ship Finance International Limited by 28.7% in the 2nd quarter. Northern Trust Corp now owns 2,917,756 shares of the shipping company’s stock valued at $39,681,000 after purchasing an additional 650,211 shares during the last quarter. State Street Corp raised its position in Ship Finance International Limited by 13.5% in the 1st quarter. State Street Corp now owns 1,184,359 shares of the shipping company’s stock valued at $17,413,000 after purchasing an additional 140,650 shares during the last quarter. Global X Management Co. LLC raised its position in Ship Finance International Limited by 4.8% in the 2nd quarter. Global X Management Co. LLC now owns 625,502 shares of the shipping company’s stock valued at $8,507,000 after purchasing an additional 28,613 shares during the last quarter. Prudential Financial Inc. raised its position in Ship Finance International Limited by 3.9% in the 2nd quarter. Prudential Financial Inc. now owns 459,149 shares of the shipping company’s stock valued at $6,244,000 after purchasing an additional 17,340 shares during the last quarter. Finally, Numeric Investors LLC raised its position in Ship Finance International Limited by 13.7% in the 2nd quarter. Numeric Investors LLC now owns 351,200 shares of the shipping company’s stock valued at $4,776,000 after purchasing an additional 42,400 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

WARNING: “AHL Partners LLP Trims Position in Ship Finance International Limited (SFL)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/17/ahl-partners-llp-trims-position-in-ship-finance-international-limited-sfl.html.

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

Ship Finance International Limited (NYSE:SFL) opened at 14.95 on Tuesday. The firm’s 50-day moving average is $14.09 and its 200-day moving average is $13.73. The stock has a market cap of $1.40 billion, a P/E ratio of 12.35 and a beta of 1.39. Ship Finance International Limited has a 12 month low of $12.07 and a 12 month high of $16.10.

Ship Finance International Limited (NYSE:SFL) last posted its earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $94.22 million for the quarter, compared to analysts’ expectations of $95.70 million. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%. On average, equities analysts forecast that Ship Finance International Limited will post $1.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.36%. The ex-dividend date of this dividend was Thursday, September 14th. Ship Finance International Limited’s payout ratio is 113.82%.

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.

Want to see what other hedge funds are holding SFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ship Finance International Limited (NYSE:SFL).

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

Receive News & Stock Ratings for Ship Finance International Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ship Finance International Limited and related stocks with our FREE daily email newsletter.