SG Americas Securities LLC Invests $535,000 in International Seaways, Inc. (NYSE:INSW)

SG Americas Securities LLC bought a new position in shares of International Seaways, Inc. (NYSE:INSW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,345 shares of the transportation company’s stock, valued at approximately $535,000. SG Americas Securities LLC owned approximately 0.10% of International Seaways at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in International Seaways by 4.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,166,185 shares of the transportation company’s stock valued at $41,547,000 after acquiring an additional 90,187 shares in the last quarter. Vanguard Group Inc. grew its position in shares of International Seaways by 1.3% during the second quarter. Vanguard Group Inc. now owns 2,028,094 shares of the transportation company’s stock worth $38,899,000 after acquiring an additional 25,249 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of International Seaways by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,748,278 shares of the transportation company’s stock worth $33,532,000 after acquiring an additional 33,165 shares during the last quarter. Siguler Guff Advisers LLC bought a new position in shares of International Seaways during the third quarter worth about $11,315,000. Finally, State Street Corp grew its position in shares of International Seaways by 6.2% during the second quarter. State Street Corp now owns 611,821 shares of the transportation company’s stock worth $11,735,000 after acquiring an additional 35,886 shares during the last quarter. 73.21% of the stock is currently owned by hedge funds and other institutional investors.

INSW stock opened at $15.31 on Friday. The company has a market capitalization of $776.05 million, a P/E ratio of -2.26 and a beta of 0.24. The company has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $16.80. International Seaways, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $22.39. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.71.

International Seaways (NYSE:INSW) last posted its quarterly earnings data on Tuesday, November 9th. The transportation company reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.17. The business had revenue of $84.82 million during the quarter, compared to the consensus estimate of $74.30 million. International Seaways had a negative net margin of 92.25% and a negative return on equity of 6.93%. Equities analysts anticipate that International Seaways, Inc. will post -2.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Thursday, December 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, December 8th. International Seaways’s payout ratio is -3.55%.

About International Seaways

International Seaways, Inc engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers, Product Carriers, and Other. The Crude Tankers segment consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers segment focuses on crude and refined petroleum products.

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Institutional Ownership by Quarter for International Seaways (NYSE:INSW)

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