New Age Alpha Advisors LLC Buys Shares of 5,655 International Seaways, Inc. (NYSE:INSW)

New Age Alpha Advisors LLC purchased a new position in shares of International Seaways, Inc. (NYSE:INSW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,655 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new position in International Seaways in the third quarter valued at $52,000. Larson Financial Group LLC bought a new position in International Seaways in the fourth quarter valued at approximately $37,000. R Squared Ltd acquired a new position in shares of International Seaways during the 4th quarter worth approximately $59,000. KBC Group NV boosted its holdings 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 buying an additional 653 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of International Seaways in the fourth quarter valued at $69,000. 67.29% of the stock is currently owned by institutional investors and hedge funds.

International Seaways Price Performance

NYSE:INSW opened at $33.09 on Thursday. The company has a market cap of $1.63 billion, a P/E ratio of 3.20 and a beta of -0.01. The firm’s fifty day moving average price is $36.04 and its two-hundred day moving average price is $40.39. International Seaways, Inc. has a one year low of $31.70 and a one year high of $65.94. 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 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. The ex-dividend date 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 currently 5.72%.

Analyst Upgrades and Downgrades

INSW has been the subject of a number of recent analyst reports. SEB Equity Research set a $50.00 price target on shares of International Seaways in a research note on Friday, January 24th. Jefferies Financial Group reiterated a “buy” rating and set a $58.00 price target on shares of International Seaways in a report on Thursday, February 27th. Two equities research 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, International Seaways has an average rating of “Moderate Buy” and an average price target of $57.50.

Insider Buying and Selling at International Seaways

In other International Seaways news, SVP William F. Nugent sold 1,000 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $32.63, for a total transaction of $32,630.00. Following the transaction, the senior vice president now owns 56,846 shares in the company, valued at $1,854,884.98. This trade represents a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lois K. Zabrocky sold 2,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $34.66, for a total transaction of $69,320.00. Following the completion of the sale, the chief executive officer now directly owns 179,557 shares of the company’s stock, valued at approximately $6,223,445.62. The trade was a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,400 shares of company stock valued at $321,856 in the last three months. 1.90% of the stock is currently owned by company insiders.

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.