International Seaways, Inc. (NYSE:INSW) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in International Seaways, Inc. (NYSE:INSW - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,204,526 shares of the transportation company's stock after selling 22,084 shares during the quarter. Dimensional Fund Advisors LP owned about 6.51% of International Seaways worth $115,168,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of International Seaways by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 4,759,119 shares of the transportation company's stock valued at $171,043,000 after acquiring an additional 369,145 shares in the last quarter. Clearbridge Investments LLC bought a new position in International Seaways during the 4th quarter valued at $11,374,000. Empowered Funds LLC increased its position in shares of International Seaways by 470.8% during the 4th quarter. Empowered Funds LLC now owns 273,032 shares of the transportation company's stock valued at $9,813,000 after purchasing an additional 225,196 shares during the period. Principal Financial Group Inc. increased its position in shares of International Seaways by 685.6% during the 4th quarter. Principal Financial Group Inc. now owns 224,544 shares of the transportation company's stock valued at $8,070,000 after purchasing an additional 195,961 shares during the period. Finally, Winmill & CO. Inc. bought a new stake in shares of International Seaways in the 4th quarter worth $6,311,000. Institutional investors and hedge funds own 67.29% of the company's stock.

Insider Buying and Selling at International Seaways

In other news, SVP William F. Nugent sold 1,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $39.10, for a total value of $39,100.00. Following the transaction, the senior vice president now owns 48,803 shares in the company, valued at $1,908,197.30. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Derek G. Solon sold 4,400 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.39, for a total transaction of $146,916.00. Following the completion of the sale, the senior vice president now directly owns 50,453 shares of the company's stock, valued at $1,684,625.67. This trade represents a 8.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,400 shares of company stock valued at $385,176 in the last three months. 1.90% of the stock is currently owned by company insiders.

International Seaways Stock Performance

International Seaways stock opened at $33.99 on Friday. International Seaways, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $65.94. The firm's 50 day simple moving average is $33.44 and its 200-day simple moving average is $37.82. 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 market cap of $1.67 billion, a P/E ratio of 3.28 and a beta of -0.01.

International Seaways Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, March 14th. International Seaways's payout ratio is 5.72%.

Analyst Ratings Changes

Several brokerages recently weighed in on INSW. SEB Equity Research set a $50.00 target price on International Seaways in a research note on Friday, January 24th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $58.00 price objective on shares of International Seaways in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Seaways has an average rating of "Moderate Buy" and a consensus target price of $57.50.

International Seaways 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.

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