International Seaways, Inc. (NYSE:INSW) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its holdings in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 14.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 254,026 shares of the transportation company's stock after selling 43,986 shares during the period. Aristotle Capital Boston LLC owned 0.52% of International Seaways worth $9,130,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Larson Financial Group LLC purchased a new position in International Seaways during the fourth quarter valued at approximately $37,000. Quarry LP raised its position in shares of International Seaways by 169.0% in the 4th quarter. Quarry LP now owns 1,356 shares of the transportation company's stock worth $49,000 after acquiring an additional 852 shares in the last quarter. R Squared Ltd purchased a new stake in shares of International Seaways during the 4th quarter worth $59,000. KBC Group NV grew its stake in International Seaways by 60.2% in the fourth quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock valued at $62,000 after purchasing an additional 653 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in International Seaways in the fourth quarter worth about $69,000. Institutional investors own 67.29% of the company's stock.

International Seaways Stock Performance

NYSE:INSW traded up $0.41 during midday trading on Thursday, hitting $36.75. The company's stock had a trading volume of 494,224 shares, compared to its average volume of 747,231. International Seaways, Inc. has a fifty-two week low of $27.20 and a fifty-two week 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 cap of $1.81 billion, a P/E ratio of 3.55 and a beta of -0.01. The firm's 50 day moving average is $33.26 and its 200-day moving average is $37.07.

International Seaways (NYSE:INSW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.59 by $0.21. International Seaways had a return on equity of 24.65% and a net margin of 50.91%. During the same period last year, the firm posted $2.92 EPS. The company's revenue was down 32.9% on a year-over-year basis. Equities analysts anticipate that International Seaways, Inc. will post 7.77 earnings per share for the current fiscal year.

International Seaways Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, March 14th. International Seaways's payout ratio is currently 5.72%.

Analyst Upgrades and Downgrades

INSW has been the topic of a number of analyst reports. SEB Equity Research set a $50.00 price objective on shares of International Seaways in a research report on Friday, January 24th. Jefferies Financial Group reaffirmed a "buy" rating and set a $48.00 price target on shares of International Seaways in a research report on Thursday. Two equities 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.

Insider Transactions at International Seaways

In other news, CEO Lois K. Zabrocky sold 2,000 shares of International Seaways stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $31.66, for a total value of $63,320.00. Following the sale, the chief executive officer now owns 198,771 shares in the company, valued at $6,293,089.86. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William F. Nugent sold 1,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $33.89, for a total transaction of $33,890.00. Following the transaction, 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. Insiders sold a total of 11,400 shares of company stock valued at $380,086 in the last three months. 1.90% of the stock is currently owned by company insiders.

International Seaways 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.