International Seaways Inc. (NYSE:INSW – Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $81.68, for a total transaction of $81,680.00. Following the completion of the sale, the chief financial officer owned 101,984 shares of the company’s stock, valued at $8,330,053.12. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jeffrey Pribor also recently made the following trade(s):
- On Friday, May 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $83.72, for a total transaction of $83,720.00.
- On Wednesday, April 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $74.50, for a total transaction of $74,500.00.
International Seaways Price Performance
NYSE:INSW opened at $81.51 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.34 and a quick ratio of 7.28. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 7.42 and a beta of -0.12. The company has a 50 day moving average price of $81.02 and a 200-day moving average price of $67.67. International Seaways Inc. has a 1-year low of $36.03 and a 1-year high of $92.66.
International Seaways Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, June 12th. International Seaways’s payout ratio is presently 4.37%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on INSW shares. Weiss Ratings raised shares of International Seaways from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $100.00 target price on shares of International Seaways in a research report on Friday, May 8th. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. BTIG Research boosted their price target on shares of International Seaways from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of International Seaways from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, International Seaways presently has an average rating of “Buy” and a consensus price target of $83.50.
Check Out Our Latest Stock Analysis on International Seaways
Institutional Investors Weigh In On International Seaways
Large investors have recently modified their holdings of the company. First Horizon Corp boosted its holdings in shares of International Seaways by 121.6% in the fourth quarter. First Horizon Corp now owns 687 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 377 shares during the period. Leonteq Securities AG acquired a new stake in International Seaways in the fourth quarter valued at $44,000. Garton & Associates Financial Advisors LLC acquired a new stake in International Seaways in the fourth quarter valued at $46,000. Rockefeller Capital Management L.P. lifted its holdings in International Seaways by 583.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 822 shares during the period. Finally, Founders Capital Management raised its stake in shares of International Seaways by 37.5% during the 4th quarter. Founders Capital Management now owns 1,100 shares of the transportation company’s stock worth $53,000 after buying an additional 300 shares during the last quarter. 67.29% of the stock is owned by institutional investors and hedge funds.
International Seaways Company Profile
International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time charter and voyage charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.
Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.
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