Capital Fund Management S.A. Buys New Stake in International Seaways, Inc. (NYSE:INSW)

Capital Fund Management S.A. purchased a new position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,064 shares of the transportation company's stock, valued at approximately $937,000. Capital Fund Management S.A. owned about 0.05% of International Seaways as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in INSW. Bfsg LLC raised 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 worth $99,000 after acquiring an additional 357 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of International Seaways by 3.6% during the 4th quarter. Farther Finance Advisors LLC now owns 10,444 shares of the transportation company's stock worth $375,000 after purchasing an additional 360 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 last quarter. DMC Group LLC lifted its stake in International Seaways by 9.9% in the 4th quarter. DMC Group LLC now owns 5,974 shares of the transportation company's stock valued at $215,000 after buying an additional 540 shares in the last quarter. Finally, KBC Group NV grew its holdings in International Seaways by 60.2% during the 4th quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock valued at $62,000 after buying an additional 653 shares during the last quarter. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at International Seaways

In related news, CEO Lois K. Zabrocky sold 2,000 shares of International Seaways stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $31.66, for a total value of $63,320.00. Following the transaction, the chief executive officer now owns 198,771 shares in the company, valued at approximately $6,293,089.86. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William F. Nugent sold 1,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $32.63, for a total value of $32,630.00. Following the sale, the senior vice president now directly owns 56,846 shares of the company's stock, valued at approximately $1,854,884.98. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,400 shares of company stock worth $385,176. 1.90% of the stock is owned by company insiders.

International Seaways Trading Down 2.3 %

International Seaways stock traded down $0.75 during trading on Tuesday, hitting $31.76. The company's stock had a trading volume of 534,683 shares, compared to its average volume of 741,291. The stock's fifty day moving average is $33.75 and its 200 day moving average is $38.23. International Seaways, Inc. has a 1-year low of $27.20 and a 1-year high of $65.94. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 3.07 and a beta of -0.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60.

International Seaways Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. International Seaways's dividend payout ratio is presently 5.72%.

Analyst Ratings Changes

INSW has been the topic of several recent research reports. SEB Equity Research set a $50.00 price objective on International Seaways in a research report on Friday, January 24th. Jefferies Financial Group restated a "buy" rating and issued a $58.00 target price on shares of International Seaways in a report on Thursday, February 27th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.50.

International Seaways Company 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.