Teachers Retirement System of The State of Kentucky Makes New $359,000 Investment in International Seaways, Inc. (NYSE:INSW)

Teachers Retirement System of The State of Kentucky bought a new position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,000 shares of the transportation company's stock, valued at approximately $359,000.

A number of other institutional investors have also recently made changes to their positions in INSW. Bfsg LLC boosted its position in International Seaways by 14.9% during the fourth quarter. Bfsg LLC now owns 2,748 shares of the transportation company's stock valued at $99,000 after acquiring an additional 357 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of International Seaways by 3.6% in the 4th quarter. Farther Finance Advisors LLC now owns 10,444 shares of the transportation company's stock valued at $375,000 after purchasing an additional 360 shares during the period. Franklin Resources Inc. boosted 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 valued at $2,428,000 after purchasing an additional 379 shares in the last quarter. DMC Group LLC grew its stake in International Seaways by 9.9% during the fourth quarter. DMC Group LLC now owns 5,974 shares of the transportation company's stock worth $215,000 after purchasing an additional 540 shares during the period. Finally, KBC Group NV increased its holdings in International Seaways by 60.2% in the fourth quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock worth $62,000 after purchasing an additional 653 shares in the last quarter. Institutional investors own 67.29% of the company's stock.

International Seaways Stock Up 2.9 %

Shares of International Seaways stock traded up $0.98 during trading hours on Friday, reaching $34.94. The company's stock had a trading volume of 530,491 shares, compared to its average volume of 744,102. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60. The stock's fifty day simple moving average is $33.15 and its two-hundred day simple moving average is $37.18. The company has a market capitalization of $1.72 billion, a P/E ratio of 3.38 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 business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. International Seaways's dividend payout ratio (DPR) is currently 5.72%.

Analyst Ratings Changes

INSW has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $58.00 price objective on shares of International Seaways in a research report on Thursday, February 27th. SEB Equity Research set a $50.00 price target on shares of International Seaways in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, International Seaways has a consensus rating of "Moderate Buy" and a consensus price target of $57.50.

Insiders Place Their Bets

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $34.66, for a total value of $69,320.00. Following the completion of the sale, the chief executive officer now directly owns 179,557 shares of the company's stock, valued at approximately $6,223,445.62. This represents a 1.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP William F. Nugent sold 1,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $33.89, for a total transaction of $33,890.00. Following the completion of the sale, the senior vice president now owns 55,852 shares of the company's stock, valued at approximately $1,892,824.28. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,400 shares of company stock valued at $380,086. Corporate insiders own 1.90% of the company's stock.

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.