Deutsche Bank AG Raises Position in International Seaways, Inc. (NYSE:INSW)

Deutsche Bank AG increased its holdings in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,974 shares of the transportation company's stock after buying an additional 11,050 shares during the quarter. Deutsche Bank AG owned about 0.07% of International Seaways worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in International Seaways by 206.3% during the 3rd quarter. Barclays PLC now owns 259,393 shares of the transportation company's stock worth $13,374,000 after purchasing an additional 174,695 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in International Seaways by 1,677.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 110,945 shares of the transportation company's stock valued at $3,987,000 after purchasing an additional 104,704 shares during the period. SG Americas Securities LLC bought a new stake in International Seaways during the 4th quarter valued at $735,000. KBC Group NV raised its stake 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 acquiring an additional 653 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of International Seaways in the 4th quarter worth $59,000. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

International Seaways Price Performance

NYSE INSW traded up $0.29 during trading hours on Friday, reaching $37.04. 53,033 shares of the company's stock were exchanged, compared to its average volume of 743,990. The stock has a market cap of $1.83 billion, a PE ratio of 3.58 and a beta of -0.01. International Seaways, Inc. has a one year low of $27.20 and a one year high of $65.32. The firm has a fifty day moving average of $34.43 and a 200-day moving average of $36.32. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.32.

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

International Seaways Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, June 12th. International Seaways's dividend payout ratio is currently 7.42%.

Insiders Place Their Bets

In related news, SVP Derek G. Solon sold 4,400 shares of the business'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 completion of the sale, the senior vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William F. Nugent sold 1,000 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $32.63, for a total transaction of $32,630.00. Following the transaction, the senior vice president now owns 56,846 shares of the company's stock, valued at $1,854,884.98. This trade represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,900 shares of company stock valued at $479,826 over the last 90 days. 2.00% of the stock is currently owned by insiders.

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.