22,728 Shares in International Seaways Inc. (NYSE:INSW) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $755,000 in International Seaways Inc. by acquiring 22,728 shares during the first quarter.
• Institutional investors have been actively increasing their holdings, with Vanguard Group raising its stake by 8.4% to own 4.76 million shares valued at over $171 million.
• International Seaways recently declared a quarterly $0.12 dividend, representing a 1.2% yield and a annualized dividend of $0.48.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of International Seaways Inc. (NYSE:INSW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,728 shares of the transportation company's stock, valued at approximately $755,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sei Investments Co. grew its stake in shares of International Seaways by 10.8% in the 4th quarter. Sei Investments Co. now owns 65,933 shares of the transportation company's stock valued at $2,370,000 after purchasing an additional 6,420 shares during the last quarter. LPL Financial LLC acquired a new position in International Seaways during the fourth quarter worth $470,000. Vanguard Group Inc. raised its holdings in shares of International Seaways by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 4,759,119 shares of the transportation company's stock worth $171,043,000 after acquiring an additional 369,145 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of International Seaways by 2.6% in the fourth quarter. JPMorgan Chase & Co. now owns 406,197 shares of the transportation company's stock worth $14,599,000 after acquiring an additional 10,142 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in International Seaways by 934.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 56,763 shares of the transportation company's stock valued at $2,040,000 after purchasing an additional 51,277 shares during the last quarter. Institutional investors and hedge funds own 67.29% of the company's stock.

International Seaways Stock Performance

INSW traded up $1.04 during trading hours on Wednesday, hitting $44.31. The company's stock had a trading volume of 609,478 shares, compared to its average volume of 773,809. International Seaways Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $54.84. The company has a current ratio of 2.76, a quick ratio of 2.75 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $2.19 billion, a PE ratio of 6.86 and a beta of 0.05. The company has a 50-day simple moving average of $38.96 and a 200 day simple moving average of $36.64.

International Seaways (NYSE:INSW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). International Seaways had a net margin of 37.39% and a return on equity of 14.98%. The business's revenue for the quarter was down 24.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.37 EPS. As a group, sell-side analysts expect that International Seaways Inc. will post 7.77 EPS for the current year.

International Seaways Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. International Seaways's dividend payout ratio (DPR) is currently 7.42%.

Insider Transactions at International Seaways

In other news, CEO Lois K. Zabrocky sold 2,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $38.62, for a total value of $77,240.00. Following the completion of the sale, the chief executive officer owned 192,771 shares of the company's stock, valued at $7,444,816.02. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $57,330.00. Following the completion of the sale, the senior vice president directly owned 55,893 shares of the company's stock, valued at approximately $2,136,230.46. This trade represents a 2.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $479,930 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on INSW shares. Jefferies Financial Group reiterated a "buy" rating and issued a $48.00 target price on shares of International Seaways in a research note on Thursday, May 8th. BTIG Research reduced their target price on International Seaways from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.50.

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.