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 business's 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. The trade was a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

International Seaways Stock Performance

Shares of NYSE INSW traded down $0.36 during midday trading on Friday, reaching $38.91. 378,329 shares of the stock were exchanged, compared to its average volume of 758,059. The firm has a 50-day simple moving average of $38.35 and a two-hundred day simple moving average of $36.48. International Seaways Inc. has a twelve month low of $27.20 and a twelve month high of $58.73. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 6.01 and a beta of 0.05. The company has a quick ratio of 2.75, a current ratio of 2.76 and a debt-to-equity ratio of 0.29.

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

International Seaways Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, June 12th. International Seaways's dividend payout ratio (DPR) is 7.42%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On International Seaways

Large investors have recently modified their holdings of the company. Banque Transatlantique SA purchased a new position in International Seaways in the fourth quarter worth $29,000. GAMMA Investing LLC boosted its stake in shares of International Seaways by 105.1% during the first quarter. GAMMA Investing LLC now owns 1,163 shares of the transportation company's stock valued at $39,000 after acquiring an additional 596 shares during the last quarter. Quarry LP boosted its stake in shares of International Seaways by 169.0% during the fourth quarter. Quarry LP now owns 1,356 shares of the transportation company's stock valued at $49,000 after acquiring an additional 852 shares during the last quarter. Blue Trust Inc. boosted its stake in International Seaways by 87.3% in the 1st quarter. Blue Trust Inc. now owns 1,583 shares of the transportation company's stock worth $53,000 after buying an additional 738 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of International Seaways in the 1st quarter valued at about $55,000. 67.29% 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 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.