12,797 Shares in International Seaways, Inc. (NYSE:INSW) Acquired by Guidance Capital Inc.

Guidance Capital Inc. bought a new position in International Seaways, Inc. (NYSE:INSW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,797 shares of the transportation company’s stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INSW. Franklin Resources Inc. boosted its stake in International Seaways by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 47,891 shares of the transportation company’s stock worth $2,428,000 after purchasing an additional 379 shares during the period. KBC Group NV boosted its stake in International Seaways by 65.2% in the 3rd quarter. KBC Group NV now owns 1,084 shares of the transportation company’s stock worth $56,000 after purchasing an additional 428 shares during the period. Cynosure Group LLC boosted its stake in International Seaways by 6.6% in the 3rd quarter. Cynosure Group LLC now owns 7,171 shares of the transportation company’s stock worth $370,000 after purchasing an additional 447 shares during the period. DMC Group LLC boosted its stake in International Seaways by 9.9% in the 4th quarter. DMC Group LLC now owns 5,974 shares of the transportation company’s stock worth $215,000 after purchasing an additional 540 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in International Seaways by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,398 shares of the transportation company’s stock worth $1,265,000 after purchasing an additional 697 shares during the period. 67.29% of the stock is owned by hedge funds and other institutional investors.

International Seaways Stock Down 0.6 %

NYSE INSW opened at $40.67 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market capitalization of $2.00 billion, a P/E ratio of 3.93 and a beta of -0.11. International Seaways, Inc. has a one year low of $32.11 and a one year high of $65.94. The stock has a 50 day moving average price of $37.20 and a 200-day moving average price of $44.84.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, November 7th. The transportation company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.15. The firm had revenue of $225.20 million during the quarter, compared to the consensus estimate of $208.75 million. International Seaways had a return on equity of 24.65% and a net margin of 50.91%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.99 EPS. As a group, equities analysts predict that International Seaways, Inc. will post 7.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Derek G. Solon sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $38.91, for a total value of $46,692.00. Following the completion of the sale, the senior vice president now directly owns 45,687 shares in the company, valued at $1,777,681.17. This trade represents a 2.56 % decrease in their ownership of the stock. The sale 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, January 31st. The stock was sold at an average price of $39.10, for a total value of $39,100.00. Following the completion of the sale, the senior vice president now owns 48,803 shares of the company’s stock, valued at approximately $1,908,197.30. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,200 shares of company stock worth $244,062 over the last three months. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INSW. Jefferies Financial Group dropped their price target on International Seaways from $66.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Stifel Nicolaus downgraded International Seaways from a “buy” rating to a “hold” rating and dropped their price target for the stock from $69.00 to $56.00 in a research note on Wednesday, October 23rd. 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, the company has an average rating of “Moderate Buy” and an average target price of $60.67.

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.