3,664 Shares in International Seaways, Inc. (NYSE:INSW) Purchased by Bfsg LLC

Bfsg LLC acquired a new position in International Seaways, Inc. (NYSE:INSW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,664 shares of the transportation company’s stock, valued at approximately $167,000.

A number of other large investors have also modified their holdings of INSW. SG Americas Securities LLC acquired a new position in International Seaways during the 3rd quarter valued at about $224,000. Counterpoint Mutual Funds LLC acquired a new position in shares of International Seaways in the 3rd quarter worth approximately $113,000. Raymond James & Associates acquired a new position in shares of International Seaways in the 3rd quarter worth approximately $274,000. Baker Ellis Asset Management LLC acquired a new position in shares of International Seaways in the 3rd quarter worth approximately $220,000. Finally, Guyasuta Investment Advisors Inc. acquired a new position in shares of International Seaways in the 3rd quarter worth approximately $310,000. Institutional investors and hedge funds own 67.29% of the company’s stock.

Insider Activity

In other International Seaways news, CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction on Monday, April 1st. The shares were sold at an average price of $53.39, for a total transaction of $53,390.00. Following the sale, the chief financial officer now owns 69,010 shares in the company, valued at $3,684,443.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jeffrey Pribor sold 1,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $53.39, for a total value of $53,390.00. Following the sale, the chief financial officer now owns 69,010 shares in the company, valued at approximately $3,684,443.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas D. Wheat sold 3,846 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $51.22, for a total transaction of $196,992.12. Following the transaction, the director now owns 26,056 shares in the company, valued at approximately $1,334,588.32. The disclosure for this sale can be found here. Insiders have sold a total of 58,846 shares of company stock valued at $3,073,978 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

International Seaways Stock Up 0.3 %

NYSE INSW traded up $0.16 during trading on Thursday, reaching $53.74. The company’s stock had a trading volume of 65,615 shares, compared to its average volume of 527,280. 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 stock has a market capitalization of $2.63 billion, a PE ratio of 4.78 and a beta of -0.05. The business has a 50-day moving average price of $52.71 and a 200-day moving average price of $49.64. International Seaways, Inc. has a 1-year low of $34.77 and a 1-year high of $55.59.

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

International Seaways Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date was Wednesday, March 13th. International Seaways’s dividend payout ratio is 4.27%.

Wall Street Analysts Forecast Growth

INSW has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 target price on shares of International Seaways in a report on Thursday, February 29th. Stifel Nicolaus raised their target price on shares of 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 cut shares of International Seaways from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th.

About International Seaways

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.