Lesa Sroufe & Co Takes $1.91 Million Position in International Seaways, Inc. (NYSE:INSW)

Lesa Sroufe & Co bought a new stake in shares of International Seaways, Inc. (NYSE:INSW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,553 shares of the transportation company's stock, valued at approximately $1,911,000. International Seaways accounts for approximately 1.9% of Lesa Sroufe & Co's portfolio, making the stock its 21st biggest holding. Lesa Sroufe & Co owned about 0.12% of International Seaways as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Glenorchy Capital Ltd increased its holdings in International Seaways by 0.6% in the 4th quarter. Glenorchy Capital Ltd now owns 50,328 shares of the transportation company's stock worth $1,809,000 after purchasing an additional 322 shares in the last quarter. Bfsg LLC increased its holdings in International Seaways by 14.9% in the 4th quarter. Bfsg LLC now owns 2,748 shares of the transportation company's stock worth $99,000 after purchasing an additional 357 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in International Seaways by 3.6% in 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 in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of International Seaways by 2.8% in the first quarter. SummerHaven Investment Management LLC now owns 13,759 shares of the transportation company's stock valued at $457,000 after buying an additional 370 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of International Seaways by 30.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,447 shares of the transportation company's stock valued at $88,000 after buying an additional 564 shares during the period. 67.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

International Seaways Stock Performance

Shares of INSW opened at $38.76 on Tuesday. The firm has a market cap of $1.91 billion, a PE ratio of 3.74 and a beta of 0.05. The stock's fifty day moving average price is $35.81 and its two-hundred day moving average price is $35.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.60. International Seaways, Inc. has a 1 year low of $27.20 and a 1 year high of $60.99.

International Seaways (NYSE:INSW - Get Free Report) last posted its earnings results 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%. The business had revenue of $178.34 million during the quarter, compared to analysts' expectations of $176.49 million. During the same period in the previous year, the business earned $2.92 earnings per share. The firm's revenue was down 32.9% on a year-over-year basis. On average, equities research analysts forecast that International Seaways, Inc. will post 7.77 EPS for the current year.

International Seaways Announces Dividend

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

Insider Activity at International Seaways

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $31.66, for a total transaction of $63,320.00. Following the completion of the transaction, the chief executive officer now owns 198,771 shares of the company's stock, valued at $6,293,089.86. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William F. Nugent sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $32.63, for a total value of $32,630.00. Following the transaction, the senior vice president now directly owns 56,846 shares of the company's stock, valued at $1,854,884.98. The trade was a 1.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock worth $300,720 in the last ninety days. 2.00% of the stock is 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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