Segall Bryant & Hamill LLC Has $3.30 Million Holdings in International Seaways, Inc. (NYSE:INSW)

Segall Bryant & Hamill LLC decreased its stake in International Seaways, Inc. (NYSE:INSW) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,859 shares of the transportation company’s stock after selling 6,738 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.19% of International Seaways worth $3,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in International Seaways by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 943,375 shares of the transportation company’s stock valued at $48,650,000 after purchasing an additional 38,871 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of International Seaways by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 430,658 shares of the transportation company’s stock valued at $22,205,000 after buying an additional 32,825 shares during the period. Barclays PLC lifted its stake in shares of International Seaways by 206.3% in the third quarter. Barclays PLC now owns 259,393 shares of the transportation company’s stock valued at $13,374,000 after buying an additional 174,695 shares during the period. FMR LLC increased its stake in International Seaways by 221.0% during the third quarter. FMR LLC now owns 602,213 shares of the transportation company’s stock valued at $31,050,000 after acquiring an additional 414,610 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in International Seaways in the 3rd quarter valued at approximately $682,000. Institutional investors and hedge funds own 67.29% of the company’s stock.

Insider Activity at International Seaways

In other International Seaways news, SVP Derek G. Solon sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.39, for a total value of $146,916.00. Following the transaction, the senior vice president now directly owns 50,453 shares of the company’s stock, valued at approximately $1,684,625.67. This trade represents a 8.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $35.07, for a total transaction of $35,070.00. Following the sale, the senior vice president now directly owns 49,803 shares of the company’s stock, valued at $1,746,591.21. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,400 shares of company stock valued at $324,296 in the last ninety days. Insiders own 1.90% of the company’s stock.

International Seaways Stock Performance

Shares of NYSE:INSW opened at $32.85 on Friday. 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 business’s fifty day moving average price is $36.38 and its two-hundred day moving average price is $40.88. International Seaways, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $65.94. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 3.17 and a beta of -0.17.

International Seaways Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, March 14th. International Seaways’s dividend payout ratio (DPR) is currently 5.72%.

Analysts Set New Price Targets

INSW has been the topic of a number of research reports. SEB Equity Research set a $50.00 price objective on International Seaways in a research report on Friday, January 24th. Jefferies Financial Group reissued a “buy” rating and issued a $58.00 price target on shares of International Seaways in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.