Fuller & Thaler Asset Management Inc. Sells 9,200 Shares of International Seaways, Inc. (NYSE:INSW)

Fuller & Thaler Asset Management Inc. decreased its position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,992 shares of the transportation company's stock after selling 9,200 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.32% of International Seaways worth $23,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in International Seaways during the fourth quarter valued at $37,000. R Squared Ltd acquired a new position in International Seaways during the fourth quarter worth about $59,000. KBC Group NV boosted its holdings in International Seaways by 60.2% during the fourth quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock worth $62,000 after buying an additional 653 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of International Seaways in the fourth quarter valued at $69,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of International Seaways in the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 67.29% of the company's stock.

Insider Buying and Selling

In other International Seaways news, SVP Derek G. Solon sold 4,400 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.39, for a total transaction of $146,916.00. Following the completion of the sale, the senior vice president now owns 50,453 shares of the company's stock, valued at approximately $1,684,625.67. This represents a 8.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lois K. Zabrocky sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $31.66, for a total value of $63,320.00. Following the sale, the chief executive officer now owns 198,771 shares in the company, valued at approximately $6,293,089.86. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,400 shares of company stock valued at $385,176 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

International Seaways Stock Down 1.5 %

INSW traded down $0.53 on Wednesday, hitting $34.18. 255,751 shares of the company were exchanged, compared to its average volume of 742,861. The company has a market cap of $1.68 billion, a PE ratio of 3.30 and a beta of -0.01. International Seaways, Inc. has a 12 month low of $27.20 and a 12 month high of $65.94. The stock's fifty day moving average is $33.30 and its 200-day moving average is $37.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60.

International Seaways Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, March 14th. International Seaways's dividend payout ratio (DPR) is currently 5.72%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. SEB Equity Research set a $50.00 price target on International Seaways in a research note on Friday, January 24th. Jefferies Financial Group reaffirmed a "buy" rating and set a $58.00 price objective on shares of International Seaways in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.50.

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.