Home / Shipping News / International Shipping News / Ship Finance International Limited (SFL) Upgraded to “Buy” at the TheStreet

Ship Finance International Limited (SFL) Upgraded to “Buy” at the TheStreet

Ship Finance International Limited was upgraded by TheStreet from a “hold” rating to a “buy” rating in a report issued this week.

Separately, Zacks Investment Research cut Ship Finance International Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.50.

Shares of Ship Finance International Limited (NYSE:SFL) traded up 0.34% during mid-day trading on Thursday, hitting $14.85. The stock had a trading volume of 927,271 shares. The firm’s 50-day moving average price is $14.34 and its 200 day moving average price is $14.51. Ship Finance International Limited has a 12-month low of $9.83 and a 12-month high of $16.44. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 9.38 and a beta of 1.39.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Monday, December 12th were paid a $0.45 dividend. The ex-dividend date was Thursday, December 8th. This represents a $1.80 annualized dividend and a dividend yield of 12.12%. Ship Finance International Limited’s dividend payout ratio (DPR) is currently 97.30%.

Several large investors have recently added to or reduced their stakes in SFL. Allianz Asset Management AG boosted its stake in Ship Finance International Limited by 14.3% in the fourth quarter. Allianz Asset Management AG now owns 2,674,179 shares of the company’s stock valued at $44,288,000 after buying an additional 334,757 shares during the period. Vanguard Group Inc. boosted its stake in Ship Finance International Limited by 48.2% in the second quarter. Vanguard Group Inc. now owns 2,607,038 shares of the company’s stock valued at $38,427,000 after buying an additional 847,349 shares during the period. LSV Asset Management boosted its stake in Ship Finance International Limited by 94.0% in the second quarter. LSV Asset Management now owns 2,327,643 shares of the company’s stock valued at $34,309,000 after buying an additional 1,128,079 shares during the period. Bank of New York Mellon Corp boosted its stake in Ship Finance International Limited by 24.8% in the third quarter. Bank of New York Mellon Corp now owns 1,902,565 shares of the company’s stock valued at $28,024,000 after buying an additional 378,053 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Ship Finance International Limited by 8.8% in the third quarter. BlackRock Fund Advisors now owns 1,517,554 shares of the company’s stock valued at $22,354,000 after buying an additional 122,676 shares during the period. 27.27% of the stock is owned by institutional investors.
Source: Daily Quint

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