SFL (NYSE:SFL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SFL (NYSE:SFL) from a hold rating to a buy rating in a research report released on Saturday morning.

SFL has been the subject of several other research reports. BTIG Research boosted their price target on shares of SFL from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of SFL in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

SFL Stock Down 1.0%

SFL stock opened at $12.26 on Friday. The company’s 50 day moving average price is $11.51 and its 200 day moving average price is $11.16. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 51.10 and a beta of 0.43. SFL has a fifty-two week low of $6.73 and a fifty-two week high of $12.94. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.32 and a current ratio of 0.32.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of SFL by 789.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 2,944 shares during the period. Triumph Capital Management acquired a new stake in shares of SFL during the third quarter worth $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of SFL during the fourth quarter worth $47,000. Quadrant Capital Group LLC grew its position in SFL by 122.3% in the 4th quarter. Quadrant Capital Group LLC now owns 6,139 shares of the shipping company’s stock valued at $48,000 after buying an additional 3,377 shares during the last quarter. Finally, NFSG Corp grew its position in SFL by 50.0% in the 1st quarter. NFSG Corp now owns 4,500 shares of the shipping company’s stock valued at $49,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 28.59% of the company’s stock.

SFL Company Profile

Ship Finance International Limited (NYSE: SFL) is an independent owner of modern, large-size ocean-going vessels that provides finance and leasing services to the global shipping industry. The company’s fleet encompasses a diversified mix of crude oil tankers, product and chemical tankers, liquefied natural gas (LNG) carriers, dry bulk carriers, container vessels and floating production storage and offloading (FPSO) units. By structuring long-term charter agreements and bareboat leases with major oil companies, commodity traders and offshore operators, Ship Finance International seeks to deliver stable cash flows and risk-adjusted returns for its shareholders.

In its core business, Ship Finance International acquires or finances vessels through forward sales agreements and then charters them out under fixed-rate contracts, typically ranging from five to 20 years in duration.