International Seaways, Inc. (NYSE:INSW) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,204,526 shares of the transportation company's stock after selling 22,084 shares during the quarter. Dimensional Fund Advisors LP owned 6.51% of International Seaways worth $115,168,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of International Seaways by 206.3% in the third quarter. Barclays PLC now owns 259,393 shares of the transportation company's stock valued at $13,374,000 after purchasing an additional 174,695 shares during the last quarter. Franklin Resources Inc. grew its holdings in International Seaways by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 47,891 shares of the transportation company's stock valued at $2,428,000 after buying an additional 379 shares during the last quarter. Principal Financial Group Inc. increased its position in International Seaways by 27.3% during the third quarter. Principal Financial Group Inc. now owns 28,583 shares of the transportation company's stock worth $1,474,000 after buying an additional 6,121 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of International Seaways by 1,677.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 110,945 shares of the transportation company's stock worth $3,987,000 after acquiring an additional 104,704 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of International Seaways in the fourth quarter valued at $735,000. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

International Seaways Trading Up 1.6 %

NYSE:INSW traded up $0.55 during trading hours on Friday, reaching $34.51. 112,879 shares of the company were exchanged, compared to its average volume of 874,734. International Seaways, Inc. has a 52-week low of $27.20 and a 52-week high of $65.94. The stock has a 50 day simple moving average of $33.17 and a 200 day simple moving average of $37.43. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 3.33 and a beta of -0.01. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, March 14th. International Seaways's payout ratio is currently 5.72%.

Insider Buying and Selling at International Seaways

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $31.66, for a total transaction of $63,320.00. Following the completion of the sale, the chief executive officer now directly owns 198,771 shares in the company, valued at $6,293,089.86. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William F. Nugent sold 1,000 shares of the firm'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 transaction, the senior vice president now directly owns 55,852 shares in the company, valued at approximately $1,892,824.28. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,400 shares of company stock valued at $346,076. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

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

International Seaways 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.