5,655 Shares in International Seaways, Inc. (NYSE:INSW) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of International Seaways, Inc. (NYSE:INSW) in the 4th quarter, Holdings Channel.com reports. The firm acquired 5,655 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other large investors have also recently bought and sold shares of the company. Bfsg LLC raised its position in shares of International Seaways by 14.9% in the 4th quarter. Bfsg LLC now owns 2,748 shares of the transportation company’s stock valued at $99,000 after buying an additional 357 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in International Seaways by 3.6% during the fourth 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 during the last quarter. Franklin Resources Inc. boosted its holdings in shares of International Seaways by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 47,891 shares of the transportation company’s stock valued at $2,428,000 after purchasing an additional 379 shares in the last quarter. DMC Group LLC increased its stake in shares of International Seaways by 9.9% in the 4th quarter. DMC Group LLC now owns 5,974 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 540 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of International Seaways by 60.2% in the 4th quarter. KBC Group NV now owns 1,737 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 653 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Derek G. Solon sold 4,400 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $33.39, for a total transaction of $146,916.00. Following the completion of the transaction, the senior vice president now directly owns 50,453 shares in the company, valued at $1,684,625.67. This trade represents a 8.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $32.63, for a total value of $32,630.00. Following the completion of the transaction, the senior vice president now directly owns 56,846 shares in the company, valued at approximately $1,854,884.98. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,400 shares of company stock worth $321,856 in the last ninety days. Company insiders own 1.90% of the company’s stock.

International Seaways Price Performance

International Seaways stock opened at $33.09 on Thursday. The stock has a 50-day moving average price of $36.04 and a two-hundred day moving average price of $40.39. International Seaways, Inc. has a 12 month low of $31.70 and a 12 month high of $65.94. The company has a market capitalization of $1.63 billion, a PE ratio of 3.20 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. International Seaways’s dividend payout ratio (DPR) is presently 5.72%.

Analyst Upgrades and Downgrades

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