Janus Henderson Group PLC Has $3.26 Million Stake in International Seaways, Inc. (NYSE:INSW)

Janus Henderson Group PLC raised its position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,716 shares of the transportation company's stock after acquiring an additional 30,609 shares during the quarter. Janus Henderson Group PLC owned about 0.18% of International Seaways worth $3,259,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Glenorchy Capital Ltd increased its stake in International Seaways by 0.6% in the fourth quarter. Glenorchy Capital Ltd now owns 50,328 shares of the transportation company's stock valued at $1,809,000 after purchasing an additional 322 shares in the last quarter. Deutsche Bank AG increased its position in International Seaways by 46.2% in the 4th quarter. Deutsche Bank AG now owns 34,974 shares of the transportation company's stock valued at $1,257,000 after buying an additional 11,050 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in International Seaways in the 4th quarter valued at about $14,269,000. Banque Transatlantique SA acquired a new position in International Seaways during the 4th quarter worth approximately $29,000. Finally, BNP Paribas Financial Markets boosted its holdings in International Seaways by 76.0% in the fourth quarter. BNP Paribas Financial Markets now owns 25,617 shares of the transportation company's stock worth $921,000 after acquiring an additional 11,064 shares in the last quarter. Institutional investors own 67.29% of the company's stock.

Wall Street Analysts Forecast Growth

INSW has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $48.00 target price on shares of International Seaways in a report on Thursday, May 8th. SEB Equity Research set a $50.00 price objective on shares of International Seaways in a research note on Friday, January 24th.

International Seaways Stock Performance

Shares of INSW stock opened at $38.75 on Tuesday. 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 firm has a market cap of $1.91 billion, a price-to-earnings ratio of 3.74 and a beta of -0.01. International Seaways, Inc. has a 52 week low of $27.20 and a 52 week high of $65.94. The firm's 50-day simple moving average is $33.96 and its two-hundred day simple moving average is $36.57.

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 for the quarter, topping the consensus estimate of $0.59 by $0.21. The company had revenue of $178.34 million during the quarter, compared to the consensus estimate of $176.49 million. International Seaways had a return on equity of 24.65% and a net margin of 50.91%. The firm's quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.92 EPS. As a group, equities analysts forecast that International Seaways, Inc. will post 7.77 earnings per share for the current year.

International Seaways Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.24%. International Seaways's dividend payout ratio is 7.42%.

Insider Buying and Selling at International Seaways

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of International Seaways stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $38.15, for a total transaction of $76,300.00. Following the transaction, the chief executive officer now directly owns 196,771 shares of the company's stock, valued at approximately $7,506,813.65. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William F. Nugent sold 1,000 shares of the company's stock in a transaction on 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 directly owns 55,852 shares of the company's stock, valued at $1,892,824.28. This trade represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,900 shares of company stock valued at $513,716 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

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.

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