175,600 Shares in International Seaways, Inc. (NYSE:INSW) Purchased by Winmill & CO. Inc.

Winmill & CO. Inc. bought a new position in International Seaways, Inc. (NYSE:INSW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 175,600 shares of the transportation company's stock, valued at approximately $6,311,000. International Seaways makes up approximately 2.0% of Winmill & CO. Inc.'s investment portfolio, making the stock its 23rd largest position. Winmill & CO. Inc. owned 0.36% of International Seaways at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of INSW. Sunbelt Securities Inc. bought a new stake in shares of International Seaways during the third quarter valued at about $52,000. Larson Financial Group LLC bought a new stake in International Seaways during the 4th quarter worth approximately $37,000. R Squared Ltd purchased a new stake in International Seaways in the 4th quarter worth approximately $59,000. KBC Group NV boosted its holdings in International Seaways by 60.2% in the 4th quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock valued at $62,000 after purchasing an additional 653 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of International Seaways during the 4th quarter valued at $69,000. Hedge funds and other institutional investors own 67.29% of the company's stock.

International Seaways Price Performance

Shares of INSW traded up $2.66 during midday trading on Friday, reaching $33.31. The stock had a trading volume of 924,586 shares, compared to its average volume of 734,572. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 3.22 and a beta of -0.01. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.32. International Seaways, Inc. has a 12-month low of $27.20 and a 12-month high of $65.94. The company's 50-day moving average is $34.78 and its 200 day moving average is $39.21.

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International Seaways Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. International Seaways's dividend payout ratio (DPR) is 5.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a "buy" rating and issued a $58.00 price objective on shares of International Seaways in a research report on Thursday, February 27th. SEB Equity Research set a $50.00 price target on International Seaways in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $57.50.

Insider Activity at International Seaways

In other news, SVP William F. Nugent sold 1,000 shares of the firm's 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 transaction, the senior vice president now owns 48,803 shares in the company, valued at approximately $1,908,197.30. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Derek G. Solon sold 4,400 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.39, for a total transaction of $146,916.00. Following the sale, the senior vice president now owns 50,453 shares of the company's stock, valued at $1,684,625.67. This represents a 8.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,400 shares of company stock valued at $321,856. Insiders own 1.90% of the company's stock.

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.