2 weeks Ago By Defense World Staff
Sei Investments Co. boosted its position in shares of International Seaways, Inc. (NYSE:INSW – Free Report) by 10.
8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,933 shares of the transportation company’s stock after acquiring an additional 6,420 shares during the quarter. Sei Investments Co.
owned 0.13% of International Seaways worth $2,370,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of INSW.
American Century Companies Inc. boosted its stake in shares of International Seaways by 9.8% in the fourth quarter.
American Century Companies Inc. now owns 1,632,753 shares of the transportation company’s stock valued at $58,681,000 after purchasing an additional 146,145 shares during the period. Quantbot Technologies LP boosted its position in International Seaways by 225.
8% in the 4th quarter. Quantbot Technologies LP now owns 32,645 shares of the transportation company’s stock valued at $1,173,000 after buying an additional 22,624 shares during the period. Summit Global Investments purchased a new position in International Seaways in the 4th quarter valued at approximately $436,000.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of International Seaways during the fourth quarter worth $310,000. Finally, Magnetar Financial LLC purchased a new stake in shares of International Seaways during the fourth quarter worth $2,744,000. 67.
29% of the stock is owned by institutional investors and hedge funds. International Seaways Stock PerformanceNYSE:INSW opened at $28.74 on Friday.
International Seaways, Inc. has a 12 month low of $27.20 and a 12 month high of $65.
94. 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 market capitalization of $1.
41 billion, a PE ratio of 2.78 and a beta of -0.01.
The business’s fifty day moving average price is $35.78 and its 200 day moving average price is $40.17.
International Seaways Cuts DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.12 dividend.
This represents a $0.48 dividend on an annualized basis and a yield of 1.67%.
The ex-dividend date was Friday, March 14th. International Seaways’s dividend payout ratio (DPR) is 5.72%.
Wall Street Analyst Weigh InA number of research analysts recently issued reports on INSW shares. SEB Equity Research set a $50.00 target price on International Seaways in a report on Friday, January 24th.
Jefferies Financial Group reissued a “buy” rating and set a $58.00 price objective on shares of International Seaways in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.50.
Check Out Our Latest Analysis on International SeawaysInsiders Place Their BetsIn other International Seaways news, SVP Derek G. Solon sold 4,400 shares of International Seaways stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.
39, for a total transaction of $146,916.00. Following 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William F. Nugent sold 1,000 shares of the stock in a transaction that occurred on Friday, February 28th.
The shares were sold at an average price of $33.89, for a total value of $33,890.00.
Following the completion of the sale, the senior vice president now directly owns 55,852 shares of the company’s stock, valued at $1,892,824.28. The trade was a 1.
76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,400 shares of company stock valued at $321,856.
1.90% of the stock is owned by corporate 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.
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