Vanguard Personalized Indexing Management LLC Invests $273,000 in International Seaways Inc. $INSW

Vanguard Personalized Indexing Management LLC purchased a new position in shares of International Seaways Inc. (NYSE:INSW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,478 shares of the transportation company’s stock, valued at approximately $273,000.

Several other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of International Seaways by 3.9% during the first quarter. American Century Companies Inc. now owns 1,695,985 shares of the transportation company’s stock worth $56,307,000 after acquiring an additional 63,232 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of International Seaways by 17.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 544,202 shares of the transportation company’s stock worth $18,068,000 after acquiring an additional 80,591 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of International Seaways during the first quarter worth about $17,331,000. Donald Smith & CO. Inc. grew its position in shares of International Seaways by 36.0% during the first quarter. Donald Smith & CO. Inc. now owns 492,711 shares of the transportation company’s stock worth $16,358,000 after acquiring an additional 130,519 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of International Seaways by 1.1% during the first quarter. Bridgeway Capital Management LLC now owns 401,415 shares of the transportation company’s stock worth $13,327,000 after acquiring an additional 4,404 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.

Insider Buying and Selling

In other news, CFO Jeffrey Pribor sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the sale, the chief financial officer directly owned 67,695 shares of the company’s stock, valued at $2,978,580. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.12, for a total value of $88,240.00. Following the completion of the transaction, the chief executive officer owned 186,771 shares in the company, valued at $8,240,336.52. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock worth $777,530 in the last ninety days. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on INSW. Weiss Ratings restated a “hold (c+)” rating on shares of International Seaways in a research report on Wednesday, October 8th. BTIG Research decreased their target price on shares of International Seaways from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.67.

International Seaways Price Performance

Shares of NYSE INSW opened at $48.37 on Friday. International Seaways Inc. has a twelve month low of $27.20 and a twelve month high of $49.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 10.06 and a beta of 0.01. The firm has a 50-day moving average of $45.96 and a two-hundred day moving average of $40.55.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) earnings per share for the quarter. International Seaways had a net margin of 29.88% and a return on equity of 11.35%. The business had revenue of $84.82 million during the quarter. As a group, analysts expect that International Seaways Inc. will post 7.77 earnings per share for the current fiscal year.

International Seaways Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 10th. International Seaways’s dividend payout ratio is presently 9.98%.

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.