Ship Finance International Limited (NYSE:SFL) Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC cut its position in shares of Ship Finance International Limited (NYSE:SFL) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 502,872 shares of the shipping company’s stock after selling 18,904 shares during the period. Advisors Capital Management LLC owned about 0.54% of Ship Finance International Limited worth $6,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Ship Finance International Limited by 0.4% in the fourth quarter. State Street Corp now owns 1,043,709 shares of the shipping company’s stock worth $15,499,000 after buying an additional 4,544 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Ship Finance International Limited by 2.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 41,710 shares of the shipping company’s stock worth $619,000 after buying an additional 1,128 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Ship Finance International Limited by 6.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,603 shares of the shipping company’s stock worth $172,000 after buying an additional 729 shares during the last quarter. Norges Bank purchased a new stake in shares of Ship Finance International Limited during the fourth quarter worth approximately $1,697,000. Finally, Teachers Advisors LLC raised its stake in shares of Ship Finance International Limited by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 98,262 shares of the shipping company’s stock worth $1,459,000 after buying an additional 1,743 shares during the last quarter. 26.31% of the stock is owned by institutional investors and hedge funds.

Ship Finance International Limited (NYSE:SFL) opened at 13.60 on Friday. Ship Finance International Limited has a 12 month low of $12.07 and a 12 month high of $16.10. The company has a 50 day moving average price of $13.39 and a 200 day moving average price of $13.98. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.85 and a beta of 1.38.

Ship Finance International Limited (NYSE:SFL) last issued its earnings results on Tuesday, May 30th. The shipping company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Ship Finance International Limited had a return on equity of 12.65% and a net margin of 33.62%. The business had revenue of $96.88 million for the quarter, compared to the consensus estimate of $102.70 million. Analysts anticipate that Ship Finance International Limited will post $1.06 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the company. BidaskClub upgraded Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC upgraded Ship Finance International Limited to a “hold” rating and set a $15.00 target price for the company in a research report on Monday, June 5th. Finally, ValuEngine lowered Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Ship Finance International Limited presently has an average rating of “Hold” and a consensus price target of $15.67.

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.

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

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