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

Key Points

• Jeffrey Pribor, the CFO of International Seaways, sold 1,000 shares of the company at an average price of $44.00, totaling $44,000, which represents a 1.46% decrease in his holdings.
• The company's stock recently traded up 3.3% to $46.17, with a twelve-month high of $50.40, and maintains a market capitalization of $2.28 billion.
• International Seaways announced a quarterly dividend of $0.12 per share, translating to an annualized yield of 1.0% and a payout ratio of 9.98%.

International Seaways Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of the business'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 transaction of $44,000.00. Following the completion of the transaction, the chief financial officer owned 67,695 shares in the company, valued at $2,978,580. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, September 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were 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 shares were sold at an average price of $44.69, for a total value of $44,690.00.

International Seaways Trading Up 3.3%

INSW traded up $1.46 during trading on Friday, hitting $46.17. The company's stock had a trading volume of 493,192 shares, compared to its average volume of 714,208. International Seaways Inc. has a twelve month low of $27.20 and a twelve month high of $50.40. 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's fifty day moving average price is $45.37 and its 200-day moving average price is $39.89. The firm has a market capitalization of $2.28 billion, a P/E ratio of 9.60 and a beta of 0.01.

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

International Seaways Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BTIG Research lowered their target price on International Seaways from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Seaways in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, International Seaways currently has an average rating of "Moderate Buy" and a consensus price target of $53.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of International Seaways by 18.3% during the 2nd quarter. Blue Trust Inc. now owns 1,872 shares of the transportation company's stock valued at $68,000 after buying an additional 289 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in International Seaways by 3.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,185 shares of the transportation company's stock worth $517,000 after purchasing an additional 426 shares in the last quarter. Arizona State Retirement System lifted its holdings in International Seaways by 3.9% during the 1st quarter. Arizona State Retirement System now owns 11,993 shares of the transportation company's stock worth $398,000 after purchasing an additional 455 shares in the last quarter. Rossby Financial LCC lifted its holdings in International Seaways by 3.6% during the 2nd quarter. Rossby Financial LCC now owns 15,386 shares of the transportation company's stock worth $561,000 after purchasing an additional 530 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in International Seaways by 6.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,044 shares of the transportation company's stock worth $330,000 after purchasing an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 67.29% of the company's stock.

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.

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