6,176 International Seaways Inc. $INSW Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in International Seaways Inc. (NYSE:INSW) by 111.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,712 shares of the transportation company’s stock after buying an additional 6,176 shares during the period. Vise Technologies Inc.’s holdings in International Seaways were worth $1,290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Unison Advisors LLC increased its holdings in International Seaways by 5.1% in the 3rd quarter. Unison Advisors LLC now owns 15,276 shares of the transportation company’s stock valued at $1,682,000 after purchasing an additional 746 shares in the last quarter. State of Wyoming boosted its stake in shares of International Seaways by 6.8% in the third quarter. State of Wyoming now owns 7,462 shares of the transportation company’s stock valued at $822,000 after purchasing an additional 476 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of International Seaways by 12.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 37,800 shares of the transportation company’s stock valued at $4,163,000 after purchasing an additional 4,300 shares during the period. Park Avenue Securities LLC grew its holdings in International Seaways by 4.9% during the 3rd quarter. Park Avenue Securities LLC now owns 3,062 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 143 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in International Seaways by 107.2% during the 3rd quarter. Sigma Planning Corp now owns 6,381 shares of the transportation company’s stock worth $703,000 after buying an additional 3,301 shares during the period. Hedge funds and other institutional investors own 67.29% of the company’s stock.

Analyst Upgrades and Downgrades

INSW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $107.00 price objective on shares of International Seaways in a report on Tuesday, September 1st. BTIG Research raised their target price on International Seaways from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Zacks Research lowered International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Thursday. B. Riley Financial lifted their target price on International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Jefferies Financial Group boosted their price target on International Seaways from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, International Seaways presently has an average rating of “Moderate Buy” and an average price target of $109.80.

Insiders Place Their Bets

In other International Seaways news, major shareholder Finance Ltd Famatown sold 102,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $111.82, for a total transaction of $11,405,640.00. Following the completion of the transaction, the insider directly owned 6,932,458 shares of the company’s stock, valued at $775,187,453.56. This trade represents a 1.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lois Zabrocky sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $114.23, for a total transaction of $228,460.00. Following the completion of the sale, the chief executive officer directly owned 169,745 shares of the company’s stock, valued at $19,389,971.35. The trade was a 1.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 655,028 shares of company stock worth $76,362,341 over the last quarter. 1.70% of the stock is currently owned by insiders.

International Seaways Stock Performance

International Seaways stock opened at $98.15 on Friday. International Seaways Inc. has a 52 week low of $46.09 and a 52 week high of $126.27. The company has a current ratio of 6.69, a quick ratio of 5.76 and a debt-to-equity ratio of 0.28. The stock has a market cap of $4.86 billion, a P/E ratio of 4.65, a price-to-earnings-growth ratio of 0.26 and a beta of -0.10. The stock has a 50 day moving average of $108.69 and a 200-day moving average of $86.58.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Thursday, November 5th. The transportation company reported $5.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.13 by ($0.29). The company had revenue of $483.20 million during the quarter, compared to the consensus estimate of $349.50 million. International Seaways had a return on equity of 40.81% and a net margin of 68.19%. The firm’s quarterly revenue was up 146.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. On average, analysts expect that International Seaways Inc. will post 22.29 EPS for the current fiscal year.

International Seaways Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 9th will be paid a dividend of $5.05 per share. This represents a $20.20 dividend on an annualized basis and a yield of 20.6%. The ex-dividend date is Wednesday, December 9th. International Seaways’s dividend payout ratio is 95.64%.

About International Seaways

International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. Its vessels transport crude oil, refined petroleum products and other energy-related cargoes for oil companies, commodity traders, refiners and other customers in international markets.

The company’s fleet includes large crude carriers and product tankers serving a range of transportation needs. International Seaways operates vessels on the global waterborne energy transportation network, with routes connecting major oil-producing regions, refining centers and consuming markets.

International Seaways was established as an independent public company in 2016 following its spin-off from Overseas Shipholding Group.