2 days Ago By ABMN Staff
Geode Capital Management LLC increased its holdings in shares of International Seaways, Inc. ( NYSE:INSW – Free Report ) by 0.5% in the fourth quarter, Holdings Channel reports.
The firm owned 948,144 shares of the transportation company’s stock after buying an additional 4,769 shares during the quarter. Geode Capital Management LLC’s holdings in International Seaways were worth $34,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors have also modified their holdings of INSW.
Stifel Financial Corp grew its position in shares of International Seaways by 37.8% in the third quarter. Stifel Financial Corp now owns 9,583 shares of the transportation company’s stock valued at $494,000 after purchasing an additional 2,627 shares during the period.
MML Investors Services LLC grew its position in shares of International Seaways by 24.1% during the third quarter. MML Investors Services LLC now owns 4,970 shares of the transportation company’s stock worth $256,000 after buying an additional 966 shares in the last quarter.
Barclays PLC increased its holdings in shares of International Seaways by 206.3% in the 3rd quarter. Barclays PLC now owns 259,393 shares of the transportation company’s stock valued at $13,374,000 after acquiring an additional 174,695 shares during the last quarter.
Franklin Resources Inc. raised its position in shares of International Seaways by 0.8% during the 3rd quarter.
Franklin Resources Inc. now owns 47,891 shares of the transportation company’s stock worth $2,428,000 after purchasing an additional 379 shares during the period. Finally, Principal Financial Group Inc.
boosted its position in shares of International Seaways by 27.3% during the third quarter. Principal Financial Group Inc.
now owns 28,583 shares of the transportation company’s stock worth $1,474,000 after buying an additional 6,121 shares during the period. Hedge funds and other institutional investors own 67.29% of the company’s stock.
Wall Street Analyst Weigh In Several equities analysts have recently issued reports on INSW shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $58.00 price objective on shares of International Seaways in a research note on Thursday, February 27th.
SEB Equity Research set a $50.00 price target on International Seaways in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.50.
International Seaways Trading Up 1.9 % International Seaways stock opened at $31.96 on Thursday.
The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.
60. The firm has a 50-day moving average of $34.30 and a 200-day moving average of $38.
88. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 3.
09 and a beta of -0.01. International Seaways, Inc.
has a one year low of $27.20 and a one year high of $65.94.
International Seaways Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.12 per share.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 annualized dividend and a yield of 1.
50%. International Seaways’s payout ratio is currently 5.72%.
Insider Activity at International Seaways In other International Seaways news, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $33.
89, for a total value of $33,890.00. Following the transaction, the senior vice president now owns 55,852 shares in the company, valued at $1,892,824.
28. The trade was a 1.76 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, SVP Derek G. Solon sold 4,400 shares of the stock in a transaction on Thursday, March 13th.
The shares were sold at an average price of $33.39, for a total value of $146,916.00.
Following the completion of the transaction, the senior vice president now owns 50,453 shares of the company’s stock, valued at $1,684,625.67. The trade was a 8.
02 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 11,400 shares of company stock worth $385,176 in the last ninety days.
1.90% of the stock is owned by company insiders. International Seaways Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding INSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Seaways, Inc. ( NYSE:INSW – Free Report ).
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