Metropolitan Life Insurance Co. NY Continues to Hold Stake in Ship Finance International Limited (SFL)

Metropolitan Life Insurance Co. NY continued to hold its position in Ship Finance International Limited (NYSE:SFL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,710 shares of the shipping company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Ship Finance International Limited were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SFL. Quantbot Technologies LP acquired a new position in Ship Finance International Limited during the first quarter worth about $124,000. Stifel Financial Corp purchased a new stake in shares of Ship Finance International Limited during the first quarter worth $160,000. Geneva Advisors LLC increased its stake in shares of Ship Finance International Limited by 1.4% in the first quarter. Geneva Advisors LLC now owns 12,335 shares of the shipping company’s stock worth $181,000 after buying an additional 176 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Ship Finance International Limited during the first quarter worth $186,000. Finally, CWA Asset Management Group LLC increased its stake in shares of Ship Finance International Limited by 31.6% in the first quarter. CWA Asset Management Group LLC now owns 13,755 shares of the shipping company’s stock worth $202,000 after buying an additional 3,300 shares in the last quarter. Institutional investors own 26.33% of the company’s stock.

Shares of Ship Finance International Limited (SFL) remained flat at $13.50 during mid-day trading on Friday. The company had a trading volume of 490,561 shares. The firm has a market cap of $1.26 billion, a P/E ratio of 9.78 and a beta of 1.38. The company’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.90. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.10.

Ship Finance International Limited (NYSE:SFL) last issued its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $96.88 million for the quarter, compared to analyst estimates of $102.70 million. Analysts forecast that Ship Finance International Limited will post $1.06 earnings per share for the current year.

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A number of brokerages recently weighed in on SFL. ValuEngine downgraded shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC upgraded shares of Ship Finance International Limited to a “hold” rating and set a $15.00 target price on the stock in a report on Monday, June 5th. Zacks Investment Research downgraded shares of Ship Finance International Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Ship Finance International Limited currently has an average rating of “Hold” and an average target price of $15.67.

Ship Finance International Limited Company Profile

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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