Ship Finance International (SFL) Now Covered by B. Riley

B. Riley initiated coverage on shares of Ship Finance International (NYSE:SFL) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $11.90 target price on the shipping company’s stock.

SFL has been the topic of several other research reports. ValuEngine cut shares of Ship Finance International from a hold rating to a sell rating in a research note on Thursday, September 13th. Zacks Investment Research cut shares of Ship Finance International from a hold rating to a sell rating in a research note on Friday, October 12th. UBS Group upgraded shares of Ship Finance International from a sell rating to a buy rating in a research note on Thursday, November 29th. Finally, Citigroup began coverage on shares of Ship Finance International in a research note on Thursday, December 27th. They issued a neutral rating and a $11.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $13.88.

Shares of NYSE:SFL opened at $11.42 on Thursday. Ship Finance International has a twelve month low of $10.31 and a twelve month high of $15.98. The company has a current ratio of 0.61, a quick ratio of 0.60 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $1.43 billion, a PE ratio of 9.60 and a beta of 1.30.



Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Tuesday, November 20th. The shipping company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Ship Finance International had a net margin of 22.77% and a return on equity of 9.68%. The firm had revenue of $111.00 million for the quarter, compared to analysts’ expectations of $114.96 million. During the same quarter in the prior year, the business earned $0.31 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, analysts expect that Ship Finance International will post 0.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Wednesday, December 12th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date was Tuesday, December 11th. Ship Finance International’s payout ratio is 117.65%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFL. Schwab Charles Investment Management Inc. raised its stake in Ship Finance International by 26.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 407,709 shares of the shipping company’s stock worth $6,096,000 after acquiring an additional 85,143 shares during the period. BlackRock Inc. raised its stake in Ship Finance International by 51.0% during the 2nd quarter. BlackRock Inc. now owns 4,217,374 shares of the shipping company’s stock worth $63,049,000 after acquiring an additional 1,425,028 shares during the period. Dimensional Fund Advisors LP raised its stake in Ship Finance International by 23.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,627,417 shares of the shipping company’s stock worth $39,280,000 after acquiring an additional 498,524 shares during the period. BlueMountain Capital Management LLC raised its stake in Ship Finance International by 17,907.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 34,935 shares of the shipping company’s stock worth $522,000 after acquiring an additional 34,741 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Ship Finance International by 305.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,437,962 shares of the shipping company’s stock worth $21,498,000 after acquiring an additional 1,083,330 shares during the period. Institutional investors own 29.20% of the company’s stock.

About Ship Finance International

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

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Analyst Recommendations for Ship Finance International (NYSE:SFL)

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