OxFORD Asset Management LLP boosted its holdings in Ship Finance International Limited (NYSE:SFL) by 234.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,785 shares of the shipping company’s stock after acquiring an additional 29,306 shares during the period. OxFORD Asset Management LLP’s holdings in Ship Finance International were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ship Finance International during the 2nd quarter worth about $145,000. Stifel Financial Corp lifted its holdings in shares of Ship Finance International by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after acquiring an additional 226 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Ship Finance International during the 3rd quarter worth about $154,000. BB&T Securities LLC purchased a new position in shares of Ship Finance International during the 3rd quarter worth about $172,000. Finally, Geneva Advisors LLC lifted its holdings in shares of Ship Finance International by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock worth $173,000 after acquiring an additional 400 shares during the period. 32.57% of the stock is currently owned by hedge funds and other institutional investors.
Ship Finance International Limited (SFL) opened at $15.25 on Tuesday. The firm has a market cap of $1,430.00, a PE ratio of 13.86 and a beta of 1.41. Ship Finance International Limited has a 1-year low of $12.30 and a 1-year high of $16.10. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.13.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.40 annualized dividend and a yield of 9.18%. Ship Finance International’s payout ratio is 127.27%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a report on Friday, September 15th. Jefferies Group assumed coverage on shares of Ship Finance International in a report on Monday, December 18th. They set a “hold” rating and a $15.00 price objective on the stock. Finally, Clarkson Capital upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.00.
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About Ship Finance International
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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