International Seaways Inc. (NYSE:INSW) CEO Sells $77,240.00 in Stock

International Seaways Inc. (NYSE:INSW - Get Free Report) CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $38.62, for a total transaction of $77,240.00. Following the transaction, the chief executive officer owned 192,771 shares in the company, valued at $7,444,816.02. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

International Seaways Price Performance

Shares of NYSE:INSW traded up $0.95 during trading hours on Thursday, hitting $39.32. 281,342 shares of the company's stock traded hands, compared to its average volume of 757,151. International Seaways Inc. has a 52 week low of $27.20 and a 52 week high of $58.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.76. The company's fifty day simple moving average is $38.27 and its two-hundred day simple moving average is $36.43. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 6.08 and a beta of 0.05.

International Seaways (NYSE:INSW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.21. International Seaways had a net margin of 37.39% and a return on equity of 14.98%. The company had revenue of $178.34 million during the quarter, compared to analyst estimates of $176.49 million. During the same quarter last year, the firm posted $2.92 EPS. The business's revenue for the quarter was down 32.9% on a year-over-year basis. As a group, equities analysts anticipate that International Seaways Inc. will post 7.77 EPS for the current fiscal year.

International Seaways Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.22%. International Seaways's dividend payout ratio (DPR) is 7.42%.

Hedge Funds Weigh In On International Seaways

Several large investors have recently made changes to their positions in the business. Glenorchy Capital Ltd boosted its position in shares of International Seaways by 0.6% during the 4th quarter. Glenorchy Capital Ltd now owns 50,328 shares of the transportation company's stock valued at $1,809,000 after purchasing an additional 322 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of International Seaways by 3.6% in the fourth quarter. Farther Finance Advisors LLC now owns 10,444 shares of the transportation company's stock worth $375,000 after buying an additional 360 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of International Seaways by 2.8% in the first quarter. SummerHaven Investment Management LLC now owns 13,759 shares of the transportation company's stock worth $457,000 after buying an additional 370 shares during the period. Arizona State Retirement System boosted its holdings in shares of International Seaways by 3.9% in the first quarter. Arizona State Retirement System now owns 11,993 shares of the transportation company's stock worth $398,000 after buying an additional 455 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of International Seaways by 30.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,447 shares of the transportation company's stock worth $88,000 after buying an additional 564 shares during the period. Institutional investors own 67.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating and issued a $48.00 price target on shares of International Seaways in a research report on Thursday, May 8th.

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.