International Seaways, Inc. (NYSE:INSW) Shares Purchased by Strs Ohio

Strs Ohio grew its stake in shares of International Seaways, Inc. (NYSE:INSW) by 136.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,400 shares of the transportation company’s stock after acquiring an additional 11,200 shares during the period. Strs Ohio’s holdings in International Seaways were worth $882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Consolidated Portfolio Review Corp grew its position in shares of International Seaways by 7.0% in the 4th quarter. Consolidated Portfolio Review Corp now owns 7,846 shares of the transportation company’s stock worth $357,000 after acquiring an additional 516 shares in the last quarter. International Assets Investment Management LLC acquired a new position in International Seaways in the fourth quarter worth $4,137,000. U S Global Investors Inc. increased its stake in International Seaways by 144.5% during the fourth quarter. U S Global Investors Inc. now owns 4,230 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,500 shares during the last quarter. Raymond James & Associates raised its holdings in shares of International Seaways by 92.0% during the fourth quarter. Raymond James & Associates now owns 11,671 shares of the transportation company’s stock worth $531,000 after purchasing an additional 5,593 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of International Seaways by 216.8% in the 4th quarter. SG Americas Securities LLC now owns 15,757 shares of the transportation company’s stock worth $717,000 after buying an additional 10,783 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INSW. Jefferies Financial Group reiterated a “buy” rating and set a $66.00 price objective on shares of International Seaways in a research note on Thursday, February 29th. Stifel Nicolaus raised their price target on International Seaways from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, StockNews.com downgraded International Seaways from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

International Seaways Price Performance

Shares of NYSE:INSW opened at $53.54 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $52.69 and its two-hundred day moving average is $49.62. The firm has a market capitalization of $2.62 billion, a P/E ratio of 4.76 and a beta of -0.05. International Seaways, Inc. has a 52 week low of $34.77 and a 52 week high of $55.59.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, February 29th. The transportation company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.08 by $0.10. International Seaways had a return on equity of 32.03% and a net margin of 51.92%. The firm had revenue of $250.73 million for the quarter, compared to analysts’ expectations of $239.36 million. Analysts anticipate that International Seaways, Inc. will post 9.42 earnings per share for the current year.

International Seaways Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.20 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.80 dividend on an annualized basis and a yield of 8.97%. International Seaways’s dividend payout ratio is presently 4.27%.

Insider Buying and Selling at International Seaways

In other news, CFO Jeffrey Pribor sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $54.23, for a total value of $54,230.00. Following the completion of the transaction, the chief financial officer now directly owns 75,927 shares in the company, valued at $4,117,521.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Jeffrey Pribor sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $54.23, for a total transaction of $54,230.00. Following the completion of the transaction, the chief financial officer now owns 75,927 shares of the company’s stock, valued at $4,117,521.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas D. Wheat sold 3,846 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $51.22, for a total transaction of $196,992.12. Following the completion of the sale, the director now directly owns 26,056 shares of the company’s stock, valued at $1,334,588.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,846 shares of company stock valued at $3,073,978. Company insiders own 2.00% of the company’s stock.

International Seaways Company Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.