Yousif Capital Management LLC Acquires Shares of 15,664 International Seaways, Inc. (NYSE:INSW)

Yousif Capital Management LLC purchased a new position in International Seaways, Inc. (NYSE:INSW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,664 shares of the transportation company's stock, valued at approximately $563,000.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of International Seaways by 4.3% during the third quarter. Geode Capital Management LLC now owns 943,375 shares of the transportation company's stock worth $48,650,000 after acquiring an additional 38,871 shares in the last quarter. FMR LLC raised its position in International Seaways by 221.0% in the 3rd quarter. FMR LLC now owns 602,213 shares of the transportation company's stock worth $31,050,000 after purchasing an additional 414,610 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in International Seaways by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 430,658 shares of the transportation company's stock worth $22,205,000 after purchasing an additional 32,825 shares during the last quarter. Barclays PLC boosted its position in International Seaways by 206.3% during the third quarter. Barclays PLC now owns 259,393 shares of the transportation company's stock valued at $13,374,000 after buying an additional 174,695 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of International Seaways during the third quarter valued at about $6,168,000. Institutional investors own 67.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on INSW shares. Jefferies Financial Group reduced their price target on International Seaways from $66.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus cut shares of International Seaways from a "buy" rating to a "hold" rating and cut their target price for the stock from $69.00 to $56.00 in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.67.

International Seaways Trading Down 2.7 %

NYSE:INSW traded down $1.02 during mid-day trading on Thursday, reaching $37.36. 856,171 shares of the company's stock traded hands, compared to its average volume of 911,368. International Seaways, Inc. has a 12-month low of $32.11 and a 12-month 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. The company has a 50 day moving average price of $37.42 and a 200-day moving average price of $43.68. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 3.61 and a beta of -0.11.

Insider Buying and Selling at International Seaways

In related news, SVP Derek G. Solon sold 1,200 shares of International Seaways stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $38.91, for a total transaction of $46,692.00. Following the sale, the senior vice president now directly owns 45,687 shares in the company, valued at $1,777,681.17. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William F. Nugent sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $39.54, for a total value of $39,540.00. Following the completion of the transaction, the senior vice president now owns 50,803 shares of the company's stock, valued at approximately $2,008,750.62. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,200 shares of company stock valued at $160,402. 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.