Guidance Capital Inc. Invests $458,000 in International Seaways, Inc. (NYSE:INSW)

Guidance Capital Inc. purchased a new stake in shares of International Seaways, Inc. (NYSE:INSW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,797 shares of the transportation company's stock, valued at approximately $458,000.

Several other hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in shares of International Seaways by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 47,891 shares of the transportation company's stock valued at $2,428,000 after acquiring an additional 379 shares in the last quarter. KBC Group NV boosted its position in International Seaways by 65.2% during the third quarter. KBC Group NV now owns 1,084 shares of the transportation company's stock valued at $56,000 after purchasing an additional 428 shares during the last quarter. Cynosure Group LLC grew its stake in International Seaways by 6.6% in the third quarter. Cynosure Group LLC now owns 7,171 shares of the transportation company's stock valued at $370,000 after purchasing an additional 447 shares in the last quarter. DMC Group LLC increased its position 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 last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of International Seaways by 3.4% during 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 in the last quarter. 67.29% of the stock is owned by hedge funds and other institutional investors.

International Seaways Stock Down 0.7 %

Shares of INSW traded down $0.29 during trading hours on Friday, hitting $39.36. 507,310 shares of the company were exchanged, compared to its average volume of 985,006. 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 cap of $1.94 billion, a PE ratio of 3.80 and a beta of -0.11. The firm's 50 day moving average is $37.21 and its 200-day moving average is $44.67. International Seaways, Inc. has a 52 week low of $32.11 and a 52 week high of $65.94.

International Seaways (NYSE:INSW - Get Free Report) last announced its earnings results on Thursday, November 7th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.15. International Seaways had a return on equity of 24.65% and a net margin of 50.91%. The firm had revenue of $225.20 million during the quarter, compared to analysts' expectations of $208.75 million. During the same quarter in the prior year, the business earned $1.99 earnings per share. The company's revenue was down 6.8% on a year-over-year basis. On average, equities research analysts forecast that International Seaways, Inc. will post 7.77 EPS for the current fiscal year.

Insider Transactions at International Seaways

In other International Seaways news, SVP William F. Nugent sold 1,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $39.54, for a total value of $39,540.00. Following the completion of the sale, the senior vice president now directly owns 50,803 shares of the company's stock, valued at $2,008,750.62. This represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lois K. Zabrocky sold 2,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $41.83, for a total transaction of $83,660.00. Following the transaction, the chief executive officer now owns 151,475 shares in the company, valued at approximately $6,336,199.25. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,200 shares of company stock worth $244,062. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INSW shares. Jefferies Financial Group lowered 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 shares of International Seaways from a "buy" rating to a "hold" rating and decreased their target price for the stock from $69.00 to $56.00 in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.