Acadian Asset Management LLC Acquires New Holdings in Ship Finance International Limited (SFL)

Acadian Asset Management LLC acquired a new position in shares of Ship Finance International Limited (NYSE:SFL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 63,058 shares of the shipping company’s stock, valued at approximately $943,000. Acadian Asset Management LLC owned about 0.05% of Ship Finance International as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Global X Management Co. LLC acquired a new stake in shares of Ship Finance International in the first quarter valued at about $9,201,000. Renaissance Technologies LLC lifted its position in Ship Finance International by 404.6% during the fourth quarter. Renaissance Technologies LLC now owns 464,915 shares of the shipping company’s stock valued at $7,206,000 after buying an additional 372,783 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Ship Finance International by 146.1% during the first quarter. JPMorgan Chase & Co. now owns 567,852 shares of the shipping company’s stock valued at $8,120,000 after buying an additional 337,073 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Ship Finance International during the first quarter worth $3,082,000. Finally, Millennium Management LLC acquired a new position in shares of Ship Finance International during the fourth quarter worth $1,401,000. 31.12% of the stock is currently owned by institutional investors.

SFL traded down $0.05 on Friday, reaching $14.20. The company had a trading volume of 1,037,200 shares, compared to its average volume of 782,088. Ship Finance International Limited has a one year low of $12.85 and a one year high of $15.98. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.78 billion, a PE ratio of 11.93 and a beta of 1.23.

Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.10. Ship Finance International had a net margin of 23.55% and a return on equity of 9.56%. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $101.65 million. During the same period in the prior year, the company earned $0.35 EPS. equities analysts expect that Ship Finance International Limited will post 1.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend is Thursday, September 13th. Ship Finance International’s dividend payout ratio is presently 117.65%.

Several analysts recently issued reports on SFL shares. Seaport Global Securities raised shares of Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, June 1st. Zacks Investment Research lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a research note on Saturday, August 25th. Finally, TheStreet lowered shares of Ship Finance International from a “b” rating to a “c+” rating in a research note on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Ship Finance International has a consensus rating of “Hold” and a consensus target price of $16.13.

Ship Finance International Company Profile

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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