Oxford Asset Management LLP Purchases Shares of 16,753 International Seaways, Inc. (NYSE:INSW)

Oxford Asset Management LLP purchased a new stake in International Seaways, Inc. (NYSE:INSW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,753 shares of the transportation company's stock, valued at approximately $602,000.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in International Seaways during the fourth quarter valued at $37,000. R Squared Ltd bought a new stake in shares of International Seaways during the 4th quarter valued at about $59,000. KBC Group NV grew its stake in International Seaways by 60.2% during the fourth quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock worth $62,000 after purchasing an additional 653 shares during the period. Venturi Wealth Management LLC acquired a new position in International Seaways in the fourth quarter valued at approximately $69,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of International Seaways during the 4th quarter worth approximately $82,000. 67.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $39.10, for a total value of $39,100.00. Following the completion of the transaction, the senior vice president now directly owns 48,803 shares in the company, valued at approximately $1,908,197.30. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lois K. Zabrocky sold 2,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $31.66, for a total transaction of $63,320.00. Following the sale, the chief executive officer now directly owns 198,771 shares in the company, valued at $6,293,089.86. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,400 shares of company stock valued at $385,176 in the last 90 days. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on INSW shares. Jefferies Financial Group reiterated a "buy" rating and issued a $58.00 price objective on shares of International Seaways in a research note on Thursday, February 27th. SEB Equity Research set a $50.00 price target on shares of International Seaways in a research note on Friday, January 24th. Two investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.50.

International Seaways Stock Up 2.3 %

International Seaways stock opened at $33.99 on Friday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.67 billion, a P/E ratio of 3.28 and a beta of -0.01. The firm has a 50 day moving average price of $33.44 and a 200-day moving average price of $37.82. International Seaways, Inc. has a twelve month low of $27.20 and a twelve month high of $65.94.

International Seaways Cuts Dividend

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

About International Seaways

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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