International Seaways, Inc. (NYSE:INSW) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 68.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,452 shares of the transportation company's stock after purchasing an additional 48,006 shares during the period. Squarepoint Ops LLC owned 0.24% of International Seaways worth $4,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Banque Transatlantique SA purchased a new stake in International Seaways during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC bought a new stake in International Seaways in the fourth quarter worth $37,000. Quarry LP boosted its stake in International Seaways by 169.0% during the fourth quarter. Quarry LP now owns 1,356 shares of the transportation company's stock worth $49,000 after buying an additional 852 shares during the period. R Squared Ltd bought a new stake in shares of International Seaways in the 4th quarter worth about $59,000. Finally, KBC Group NV boosted its stake 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 worth $62,000 after purchasing an additional 653 shares during the period. 67.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other International Seaways news, SVP Derek G. Solon sold 1,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.22, for a total transaction of $57,330.00. Following the completion of the sale, the senior vice president now owns 55,893 shares of the company's stock, valued at $2,136,230.46. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lois K. Zabrocky sold 2,000 shares of the company's 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 $6,293,089.86. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,900 shares of company stock worth $513,716 in the last 90 days. Insiders own 2.00% of the company's stock.

International Seaways Trading Up 0.9%

Shares of NYSE INSW traded up $0.34 during mid-day trading on Thursday, reaching $36.64. The company had a trading volume of 246,689 shares, compared to its average volume of 744,270. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 3.54 and a beta of -0.01. 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, Inc. has a 52 week low of $27.20 and a 52 week high of $65.32. The business's 50-day moving average is $34.39 and its 200-day moving average is $36.36.

International Seaways (NYSE:INSW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $178.34 million during the quarter, compared to the consensus estimate of $176.49 million. During the same period in the previous year, the company posted $2.92 earnings per share. The firm's quarterly revenue was down 32.9% on a year-over-year basis. Equities analysts expect that International Seaways, Inc. will post 7.77 earnings per share for the current year.

International Seaways Dividend Announcement

The business 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. International Seaways's dividend payout ratio (DPR) is currently 7.42%.

Wall Street Analyst Weigh In

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