Insider Selling: International Seaways, Inc. (NYSE:INSW) CFO Sells 1,000 Shares of Stock

International Seaways, Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $54.87, for a total value of $54,870.00. Following the completion of the sale, the chief financial officer now directly owns 76,849 shares of the company's stock, valued at approximately $4,216,704.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $53.39, for a total transaction of $53,390.00.
• On Wednesday, March 13th, Jeffrey Pribor sold 16,000 shares of International Seaways stock. The stock was sold at an average price of $51.59, for a total transaction of $825,440.00.
• On Friday, March 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $53.09, for a total value of $53,090.00.

International Seaways Stock Up 0.8 %

International Seaways stock traded up $0.44 during mid-day trading on Friday, hitting $56.18. The company had a trading volume of 589,211 shares, compared to its average volume of 539,155. International Seaways, Inc. has a 12 month low of $34.77 and a 12 month high of $56.77. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.35. The stock's 50 day moving average price is $53.16 and its two-hundred day moving average price is $50.11. The company has a market capitalization of $2.76 billion, a PE ratio of 4.99 and a beta of -0.05.

International Seaways (NYSE:INSW - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The transportation company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.10. International Seaways had a net margin of 51.92% and a return on equity of 32.03%. The company had revenue of $250.73 million for the quarter, compared to analysts' expectations of $239.36 million. As a group, sell-side analysts anticipate that International Seaways, Inc. will post 9.33 earnings per share for the current fiscal year.

International Seaways Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend was Wednesday, March 13th. International Seaways's payout ratio is 4.27%.

Institutional Investors Weigh In On International Seaways

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of International Seaways in the 4th quarter worth $4,137,000. Qube Research & Technologies Ltd increased its holdings in International Seaways by 103.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 44,250 shares of the transportation company's stock worth $1,991,000 after buying an additional 22,545 shares in the last quarter. Hosking Partners LLP raised its position in International Seaways by 20.1% in the 3rd quarter. Hosking Partners LLP now owns 964,530 shares of the transportation company's stock worth $43,404,000 after buying an additional 161,643 shares during the last quarter. Natixis Advisors L.P. lifted its stake in International Seaways by 103.2% during the 3rd quarter. Natixis Advisors L.P. now owns 41,973 shares of the transportation company's stock valued at $1,889,000 after acquiring an additional 21,320 shares during the period. Finally, Barclays PLC boosted its holdings in shares of International Seaways by 160.9% during the 3rd quarter. Barclays PLC now owns 55,522 shares of the transportation company's stock valued at $2,498,000 after acquiring an additional 34,242 shares during the last quarter. Institutional investors own 67.29% of the company's stock.

Wall Street Analyst Weigh In

INSW has been the topic of several research reports. StockNews.com lowered International Seaways from a "buy" rating to a "hold" rating in a research report on Saturday, April 27th. Stifel Nicolaus upped their target price on shares of International Seaways from $63.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $66.00 price target on shares of International Seaways in a research report on Thursday, February 29th.

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.