Engineers Gate Manager LP Boosts Stake in Ship Finance International Limited (SFL)

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Engineers Gate Manager LP increased its stake in shares of Ship Finance International Limited (NYSE:SFL) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,986 shares of the shipping company’s stock after buying an additional 2,439 shares during the period. Engineers Gate Manager LP owned about 0.07% of Ship Finance International Limited worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SFL. Numeric Investors LLC increased its stake in Ship Finance International Limited by 47.5% in the fourth quarter. Numeric Investors LLC now owns 215,100 shares of the shipping company’s stock valued at $3,194,000 after buying an additional 69,300 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in shares of Ship Finance International Limited during the fourth quarter worth about $107,000. Ladenburg Thalmann Financial Services Inc.

increased its position in 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 period. Guggenheim Capital LLC raised its position in Ship Finance International Limited by 28.3% in the fourth quarter. Guggenheim Capital LLC now owns 453,922 shares of the shipping company’s stock worth $6,740,000 after buying an additional 100,076 shares in the last quarter.

Finally, Metropolitan Life Insurance Co. NY raised its position in 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 in the last quarter. Institutional investors own 27.08% of the company’s stock.

Ship Finance International Limited (NYSE:SFL) traded down 1.88% during mid-day trading on Friday, hitting $13.05. The stock had a trading volume of 1,950,980 shares. The company has a market capitalization of $1.22 billion, a P/E ratio of 8.72 and a beta of 1.30. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.28. The stock’s 50-day moving average is $13.88 and its 200 day moving average is $14.43.

Separately, Zacks Investment Research raised Ship Finance International Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.67.

 

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