62,700 Shares in International Seaways, Inc. (NYSE:INSW) Bought by Denali Advisors LLC

Denali Advisors LLC bought a new stake in International Seaways, Inc. (NYSE:INSW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 62,700 shares of the transportation company’s stock, valued at approximately $2,253,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of International Seaways during the 3rd quarter worth about $41,000. Sunbelt Securities Inc. acquired a new position in International Seaways in the third quarter worth approximately $52,000. KBC Group NV raised its position in International Seaways by 65.2% during the third quarter. KBC Group NV now owns 1,084 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 428 shares in the last quarter. R Squared Ltd acquired a new stake in International Seaways in the fourth quarter valued at approximately $59,000. Finally, Venturi Wealth Management LLC bought a new stake in International Seaways in the fourth quarter worth approximately $69,000. Hedge funds and other institutional investors own 67.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INSW. SEB Equity Research set a $50.00 price target on shares of International Seaways in a report on Friday, January 24th. Jefferies Financial Group lowered their target price on shares of International Seaways from $66.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

International Seaways Trading Up 0.6 %

Shares of INSW stock opened at $36.47 on Thursday. International Seaways, Inc. has a 12 month low of $32.11 and a 12 month high of $65.94. The company has a market cap of $1.79 billion, a PE ratio of 3.52 and a beta of -0.11. 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 business’s 50 day moving average is $37.68 and its two-hundred day moving average is $43.23.

Insider Buying and Selling

In other news, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $35.07, for a total value of $35,070.00. Following the transaction, the senior vice president now directly owns 49,803 shares in the company, valued at approximately $1,746,591.21. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $113,710. Company insiders own 1.90% of the company’s stock.

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.