Nisa Investment Advisors LLC Has $322,000 Stock Position in International Seaways, Inc. (NYSE:INSW)

Nisa Investment Advisors LLC raised its position in International Seaways, Inc. (NYSE:INSW) by 52.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,241 shares of the transportation company’s stock after acquiring an additional 2,146 shares during the period. Nisa Investment Advisors LLC’s holdings in International Seaways were worth $322,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. U S Global Investors Inc. grew its position in International Seaways by 138.0% in the 3rd quarter. U S Global Investors Inc. now owns 5,373 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 3,115 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of International Seaways by 88.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 71,206 shares of the transportation company’s stock valued at $3,671,000 after buying an additional 33,392 shares in the last quarter. DMC Group LLC grew its holdings in shares of International Seaways by 27.9% during the third quarter. DMC Group LLC now owns 5,434 shares of the transportation company’s stock valued at $280,000 after buying an additional 1,185 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of International Seaways during the third quarter worth about $41,000. Finally, Ellsworth Advisors LLC acquired a new stake in shares of International Seaways in the 3rd quarter worth about $481,000. Institutional investors own 67.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com lowered International Seaways from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Stifel Nicolaus lowered International Seaways from a “buy” rating to a “hold” rating and lowered their price target for the company from $69.00 to $56.00 in a research report on Wednesday, October 23rd. Fearnley Fonds raised shares of International Seaways to a “strong-buy” rating in a report on Friday, September 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 target price on shares of International Seaways in a report on Wednesday, August 7th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

International Seaways Stock Performance

Shares of INSW opened at $43.36 on Wednesday. The stock has a 50 day moving average of $49.43 and a 200 day moving average of $54.51. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 4.13 and a beta of -0.06. International Seaways, Inc. has a 12 month low of $42.08 and a 12 month high of $65.94. The company has a current ratio of 3.89, a quick ratio of 3.87 and a debt-to-equity ratio of 0.35.

International Seaways (NYSE:INSW) last announced its earnings results on Wednesday, August 7th. The transportation company reported $2.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.13). The business had revenue of $257.40 million for the quarter, compared to analysts’ expectations of $256.13 million. International Seaways had a net margin of 50.70% and a return on equity of 26.55%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.12 earnings per share. As a group, sell-side analysts forecast that International Seaways, Inc. will post 8.5 earnings per share for the current year.

Insider Activity at International Seaways

In other International Seaways news, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $43.05, for a total value of $43,050.00. Following the sale, the senior vice president now owns 51,803 shares of the company’s stock, valued at approximately $2,230,119.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $49.40, for a total transaction of $98,800.00. Following the completion of the transaction, the chief executive officer now owns 157,475 shares in the company, valued at approximately $7,779,265. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William F. Nugent sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $43.05, for a total value of $43,050.00. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at $2,230,119.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,000 shares of company stock worth $738,920. 1.90% of the stock is owned by company insiders.

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.