111 Capital Takes $293,000 Position in International Seaways, Inc. (NYSE:INSW)

111 Capital purchased a new stake in International Seaways, Inc. (NYSE:INSW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,142 shares of the transportation company's stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also recently modified their holdings of INSW. Barclays PLC raised its holdings in shares of International Seaways by 206.3% in the 3rd quarter. Barclays PLC now owns 259,393 shares of the transportation company's stock valued at $13,374,000 after acquiring an additional 174,695 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of International Seaways during the 4th quarter valued at about $735,000. KBC Group NV raised its holdings in shares of 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 in the last quarter. R Squared Ltd purchased a new position in shares of International Seaways during the 4th quarter valued at about $59,000. Finally, DMC Group LLC raised its holdings in shares of International Seaways by 9.9% during 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. Hedge funds and other institutional investors own 67.29% of the company's stock.

International Seaways Price Performance

Shares of NYSE INSW traded up $0.04 during trading hours on Tuesday, reaching $37.21. 561,195 shares of the stock traded hands, compared to its average volume of 748,982. The company has a market capitalization of $1.84 billion, a P/E ratio of 3.60 and a beta of -0.01. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.32. International Seaways, Inc. has a 52-week low of $27.20 and a 52-week high of $63.50. The company's 50-day simple moving average is $34.64 and its two-hundred day simple moving average is $36.17.

International Seaways (NYSE:INSW - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.21. International Seaways had a return on equity of 24.65% and a net margin of 50.91%. The company had revenue of $178.34 million for the quarter, compared to analysts' expectations of $176.49 million. During the same period last year, the firm posted $2.92 EPS. International Seaways's revenue for the quarter was down 32.9% compared to the same quarter last year. Equities research analysts forecast that International Seaways, Inc. will post 7.77 EPS for the current year.

International Seaways Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.48 annualized dividend and a yield of 1.29%. International Seaways's payout ratio is 7.42%.

Insider Buying and Selling

In related news, SVP William F. Nugent sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.13, for a total transaction of $37,130.00. Following the transaction, the senior vice president now directly owns 60,752 shares in the company, valued at $2,255,721.76. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Derek G. Solon sold 4,400 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.39, for a total value of $146,916.00. Following the transaction, the senior vice president now owns 50,453 shares in the company, valued at approximately $1,684,625.67. The trade was a 8.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,900 shares of company stock worth $516,956 in the last ninety days. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a "buy" rating and set a $48.00 price objective on shares of International Seaways in a report on Thursday, May 8th.

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.