Compound Planning Inc. bought a new position in shares of International Seaways Inc. (NYSE:INSW – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,479 shares of the transportation company’s stock, valued at approximately $621,000.
Other institutional investors also recently modified their holdings of the company. Intrust Bank NA bought a new stake in shares of International Seaways during the 3rd quarter worth $203,000. NewEdge Wealth LLC boosted its holdings in International Seaways by 17.9% during the third quarter. NewEdge Wealth LLC now owns 15,603 shares of the transportation company’s stock valued at $782,000 after acquiring an additional 2,369 shares during the period. Denali Advisors LLC grew its position in shares of International Seaways by 94.3% in the third quarter. Denali Advisors LLC now owns 48,774 shares of the transportation company’s stock valued at $2,248,000 after purchasing an additional 23,674 shares during the last quarter. Savant Capital LLC bought a new position in shares of International Seaways in the third quarter worth about $306,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of International Seaways by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 161,599 shares of the transportation company’s stock worth $7,447,000 after purchasing an additional 4,854 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. BTIG Research lifted their price target on International Seaways from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. Zacks Research downgraded shares of International Seaways from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Pareto Securities raised shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.
International Seaways News Roundup
Here are the key news stories impacting International Seaways this week:
- Positive Sentiment: Q4 beat on earnings: INSW reported $2.45 EPS vs. consensus ~$1.75, a large YoY increase from $0.90 last year — a clear earnings upside that drove the move. IN SW Q4 Earnings Beat
- Positive Sentiment: Revenue and profitability beat: Q4 revenue $267.9M vs. estimates ~ $245M (+37.7% YoY); net margin ~28.3% and ROE ~10.1% — strong top‑line growth with healthy margins. Press Release / Slide Deck
- Positive Sentiment: Management commentary: the earnings call and presentation highlighted record profits and strategic items that appear to support near‑term cash generation and investor confidence. Investors responded positively to the tone and details in the call. Earnings Call Highlights
- Positive Sentiment: Dividend declared: the company set a quarterly dividend of $0.12/share (annualized yield ~0.7%), record Mar 20, payable Mar 30 — a modest cash return that can support investor sentiment.
- Neutral Sentiment: Documentation available: the full earnings call transcript and slide presentation were published (useful for investors who want details on fleet utilization, contract coverage and forward guidance). Earnings Call Transcript Earnings Presentation
- Neutral Sentiment: Current technical/valuation context: market cap ≈ $3.7B, P/E ≈ 17.2, and the stock is trading above its 50‑ and 200‑day moving averages — supportive momentum, though investors should watch whether fundamentals sustain current multiples.
Insider Activity
In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $48.56, for a total transaction of $97,120.00. Following the completion of the transaction, the chief executive officer owned 182,421 shares in the company, valued at $8,858,363.76. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Pribor sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $63.29, for a total value of $63,290.00. Following the completion of the sale, the chief financial officer owned 83,463 shares in the company, valued at approximately $5,282,373.27. This represents a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,000 shares of company stock valued at $502,610 in the last three months. Company insiders own 2.00% of the company’s stock.
International Seaways Stock Up 4.1%
Shares of INSW stock opened at $75.51 on Friday. International Seaways Inc. has a one year low of $27.20 and a one year high of $75.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a fifty day moving average price of $57.79 and a 200 day moving average price of $51.49. The stock has a market cap of $3.73 billion, a P/E ratio of 12.12 and a beta of -0.19.
International Seaways (NYSE:INSW – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.70. The firm had revenue of $267.88 million for the quarter, compared to analyst estimates of $245.29 million. International Seaways had a net margin of 36.67% and a return on equity of 14.14%. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Analysts predict that International Seaways Inc. will post 7.77 earnings per share for the current year.
International Seaways Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 20th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. International Seaways’s dividend payout ratio is 10.93%.
About International Seaways
International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time charter and voyage charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.
Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.
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