International Seaways (NYSE:INSW) CFO Jeffrey Pribor Sells 1,000 Shares of Stock

International Seaways Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the sale, the chief financial officer directly owned 67,695 shares of the company’s stock, valued at $2,978,580. The trade was a 1.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Pribor also recently made the following trade(s):

• On Monday, September 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $48.27, for a total value of $48,270.00.
• On Friday, August 22nd, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $44.69, for a total value of $44,690.00.

International Seaways Stock Up 3.3%

Shares of International Seaways stock opened at $46.17 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 9.60 and a beta of 0.01. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $45.43 and a two-hundred day moving average price of $39.98. International Seaways Inc. has a 12-month low of $27.20 and a 12-month high of $50.40.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) EPS for the quarter. International Seaways had a return on equity of 11.35% and a net margin of 29.88%.The business had revenue of $84.82 million for the quarter. Equities analysts expect that International Seaways Inc. will post 7.77 earnings per share for the current year.

International Seaways Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. International Seaways’s payout ratio is 9.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INSW shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a report on Wednesday, October 8th. BTIG Research cut their price target on International Seaways from $70.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of International Seaways by 105.1% in the first quarter. GAMMA Investing LLC now owns 1,163 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 596 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of International Seaways by 601.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,508 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 1,293 shares in the last quarter. Blue Trust Inc. raised its stake in shares of International Seaways by 87.3% in the first quarter. Blue Trust Inc. now owns 1,583 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 738 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of International Seaways in the first quarter valued at $55,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of International Seaways by 550.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,822 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,542 shares in the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.

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.