Bridgeway Capital Management Inc. Boosts Position in Ship Finance International Limited (SFL)

Bridgeway Capital Management Inc. increased its position in shares of Ship Finance International Limited (NYSE:SFL) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,900 shares of the shipping company’s stock after acquiring an additional 50,000 shares during the period. Bridgeway Capital Management Inc. owned about 0.44% of Ship Finance International worth $7,574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SFL. BlackRock Inc. boosted its holdings in Ship Finance International by 51.0% in the second quarter. BlackRock Inc. now owns 4,217,374 shares of the shipping company’s stock valued at $63,049,000 after acquiring an additional 1,425,028 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Ship Finance International by 9.8% during the 2nd quarter. Northern Trust Corp now owns 3,633,177 shares of the shipping company’s stock worth $54,315,000 after acquiring an additional 323,699 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ship Finance International by 26.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,321,195 shares of the shipping company’s stock worth $46,164,000 after acquiring an additional 693,778 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Ship Finance International by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,224,434 shares of the shipping company’s stock worth $44,819,000 after acquiring an additional 234,378 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of 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. 32.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on SFL shares. Zacks Investment Research downgraded shares of Ship Finance International from a “strong-buy” rating to a “sell” rating in a report on Tuesday, August 7th. TheStreet downgraded shares of Ship Finance International from a “b” rating to a “c+” rating in a report on Thursday, August 23rd. Nordea Equity Research raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. ValuEngine downgraded shares of Ship Finance International from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Finally, UBS Group raised shares of Ship Finance International from a “sell” rating to a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.38.

SFL stock opened at $12.98 on Friday. The company has a market cap of $1.63 billion, a P/E ratio of 11.88 and a beta of 1.21. Ship Finance International Limited has a 1 year low of $11.50 and a 1 year high of $15.98. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.10.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Wednesday, December 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date is Tuesday, December 11th. Ship Finance International’s dividend payout ratio is 117.65%.

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

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