According to Zacks, “International Seaways, Inc. is a tanker company. It provides energy transportation services for crude oil and petroleum products. The company owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. International Seaways, Inc. is headquartered in New York City. “
NYSE:INSW opened at $25.46 on Thursday. International Seaways has a 1-year low of $15.15 and a 1-year high of $26.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.73 and a quick ratio of 1.69. The firm has a fifty day simple moving average of $18.94 and a 200 day simple moving average of $18.30.
Several large investors have recently added to or reduced their stakes in INSW. SG Americas Securities LLC bought a new position in shares of International Seaways in the first quarter valued at $102,000. Marshall Wace LLP bought a new position in International Seaways during the first quarter worth $423,000. Steward Partners Investment Advisory LLC bought a new position in International Seaways during the second quarter worth $73,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in International Seaways by 284.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,084 shares of the transportation company’s stock worth $78,000 after purchasing an additional 3,021 shares during the period. Finally, Aperio Group LLC bought a new position in International Seaways during the second quarter worth $65,000. 76.54% of the stock is owned by institutional investors and hedge funds.
About International Seaways
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.
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