2 weeks Ago By ABMN Staff
Arizona State Retirement System grew its position in shares of International Seaways, Inc. ( NYSE:INSW – Free Report ) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the SEC.
The firm owned 10,958 shares of the transportation company’s stock after purchasing an additional 877 shares during the quarter. Arizona State Retirement System’s holdings in International Seaways were worth $648,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors also recently modified their holdings of the company.
EdgeRock Capital LLC bought a new position in International Seaways during the second quarter valued at about $28,000. EverSource Wealth Advisors LLC bought a new position in shares of International Seaways during the 1st quarter valued at about $27,000. Headlands Technologies LLC grew its stake in shares of International Seaways by 173.
4% in the 1st quarter. Headlands Technologies LLC now owns 905 shares of the transportation company’s stock worth $48,000 after purchasing an additional 574 shares during the last quarter. CWM LLC raised its holdings in shares of International Seaways by 47.
9% in the 2nd quarter. CWM LLC now owns 1,470 shares of the transportation company’s stock worth $87,000 after purchasing an additional 476 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in International Seaways during the first quarter valued at approximately $108,000.
Institutional investors own 67.29% of the company’s stock. Insider Buying and Selling at International Seaways In other news, CFO Jeffrey Pribor sold 1,000 shares of the company’s stock in a transaction on Monday, July 1st.
The shares were sold at an average price of $58.83, for a total value of $58,830.00.
Following the transaction, the chief financial officer now directly owns 39,849 shares of the company’s stock, valued at $2,344,316.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of International Seaways stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $49.
40, for a total value of $98,800.00. Following the completion of the sale, the chief executive officer now directly owns 157,475 shares in the company, valued at $7,779,265.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, CFO Jeffrey Pribor sold 1,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $58.
83, for a total transaction of $58,830.00. Following the transaction, the chief financial officer now owns 39,849 shares in the company, valued at approximately $2,344,316.
67. The disclosure for this sale can be found here . Insiders sold 11,000 shares of company stock valued at $560,390 in the last quarter.
Company insiders own 1.90% of the company’s stock. Analyst Upgrades and Downgrades Read Our Latest Stock Analysis on INSW International Seaways Price Performance INSW opened at $49.
32 on Monday. The firm has a market capitalization of $2.45 billion, a P/E ratio of 4.
61 and a beta of -0.07. The stock has a fifty day moving average of $52.
45 and a 200-day moving average of $55.40. The company has a quick ratio of 3.
87, a current ratio of 3.89 and a debt-to-equity ratio of 0.35.
International Seaways, Inc. has a 12-month low of $40.68 and a 12-month high of $65.
94. International Seaways ( NYSE:INSW – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.
37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.13).
International Seaways had a return on equity of 26.55% and a net margin of 50.70%.
The business had revenue of $257.40 million during the quarter, compared to analysts’ expectations of $256.13 million.
During the same period in the prior year, the company posted $3.12 earnings per share. The firm’s revenue was down 11.
9% on a year-over-year basis. Equities analysts forecast that International Seaways, Inc. will post 9.
51 EPS for the current fiscal year. International Seaways Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a $0.
12 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.
48 dividend on an annualized basis and a yield of 0.97%. International Seaways’s payout ratio is 4.
49%. International Seaways 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. Featured Stories Want to see what other hedge funds are holding INSW? Visit HoldingsChannel.
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