International Seaways, Inc. (NYSE:INSW) Shares Acquired by Cwm LLC

Cwm LLC increased its position in shares of International Seaways, Inc. (NYSE:INSW) by 106.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,035 shares of the transportation company’s stock after buying an additional 1,565 shares during the quarter. Cwm LLC’s holdings in International Seaways were worth $156,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Magnetar Financial LLC purchased a new position in International Seaways during the first quarter worth about $2,604,000. SG Americas Securities LLC raised its position in International Seaways by 102.1% during the second quarter. SG Americas Securities LLC now owns 21,082 shares of the transportation company’s stock worth $1,247,000 after acquiring an additional 10,652 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in International Seaways by 101.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,543 shares of the transportation company’s stock valued at $1,838,000 after buying an additional 17,399 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of International Seaways in the first quarter valued at $1,735,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of International Seaways by 269.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,834 shares of the transportation company’s stock worth $2,279,000 after purchasing an additional 31,231 shares during the last quarter. 67.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INSW shares. Stifel Nicolaus cut International Seaways from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $69.00 to $56.00 in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price objective on shares of International Seaways in a research report on Wednesday, August 7th. StockNews.com downgraded International Seaways from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Fearnley Fonds upgraded shares of International Seaways to a “strong-buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Seaways currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

International Seaways Stock Performance

INSW stock opened at $45.07 on Thursday. The stock’s fifty day moving average is $50.62 and its two-hundred day moving average is $55.02. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 4.21 and a beta of -0.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.87 and a current ratio of 3.89. International Seaways, Inc. has a 1 year low of $42.08 and a 1 year high of $65.94.

International Seaways (NYSE:INSW) last posted its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.37 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.13). International Seaways had a net margin of 50.70% and a return on equity of 26.55%. The company had revenue of $257.40 million for the quarter, compared to analyst estimates of $256.13 million. During the same quarter in the prior year, the business earned $3.12 EPS. International Seaways’s revenue was down 11.9% compared to the same quarter last year. On average, research analysts predict that International Seaways, Inc. will post 9.51 EPS for the current year.

International Seaways Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a $0.12 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. International Seaways’s dividend payout ratio (DPR) is presently 4.49%.

Insider Buying and Selling

In related news, CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.97, for a total transaction of $55,970.00. Following the completion of the sale, the chief financial officer now owns 38,849 shares of the company’s stock, valued at approximately $2,174,378.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Jeffrey Pribor sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $55.97, for a total value of $55,970.00. Following the transaction, the chief financial officer now directly owns 38,849 shares in the company, valued at approximately $2,174,378.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lois K. Zabrocky sold 2,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $49.40, for a total value of $98,800.00. Following the transaction, the chief executive officer now directly owns 157,475 shares of the company’s stock, valued at $7,779,265. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,000 shares of company stock valued at $751,840. Corporate insiders own 1.90% 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.