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

Last updated on Thursday, July 2nd, 2020 by MarketBeat

International Seaways Inc (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $16.35, for a total value of $16,350.00.

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

  • On Monday, June 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $22.87, for a total transaction of $22,870.00.
  • On Friday, May 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $23.76, for a total transaction of $23,760.00.

NYSE INSW traded down $1.41 during trading on Thursday, hitting $15.73. The stock had a trading volume of 353,889 shares, compared to its average volume of 497,087. International Seaways Inc has a 12 month low of $14.89 and a 12 month high of $31.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.60 and a current ratio of 1.63. The company's 50-day moving average price is $20.36 and its two-hundred day moving average price is $22.95. The company has a market capitalization of $471.31 million, a PE ratio of 22.39 and a beta of -0.02.

International Seaways (NYSE:INSW) last announced its earnings results on Thursday, May 7th. The transportation company reported $1.49 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.47 by $0.02. International Seaways had a net margin of 5.46% and a return on equity of 5.48%. The business had revenue of $125.34 million during the quarter, compared to analysts' expectations of $123.34 million. As a group, equities analysts anticipate that International Seaways Inc will post 6.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, June 5th. International Seaways's dividend payout ratio (DPR) is 39.34%.

Several large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC acquired a new stake in International Seaways in the first quarter valued at $19,602,000. Russell Investments Group Ltd. increased its position in International Seaways by 1,694.4% during the first quarter. Russell Investments Group Ltd. now owns 299,625 shares of the transportation company's stock worth $7,155,000 after buying an additional 282,927 shares during the last quarter. Oxford Asset Management LLP raised its stake in International Seaways by 851.1% in the fourth quarter. Oxford Asset Management LLP now owns 273,150 shares of the transportation company's stock valued at $8,129,000 after buying an additional 244,431 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of International Seaways by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 450,003 shares of the transportation company's stock worth $13,392,000 after acquiring an additional 184,237 shares during the period. Finally, Kennedy Capital Management Inc. acquired a new position in shares of International Seaways during the 4th quarter worth approximately $3,655,000. 82.24% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on INSW. Fearnley Fonds cut International Seaways from a "buy" rating to a "sell" rating and set a $18.00 price objective for the company. in a research note on Tuesday, June 2nd. B. Riley lifted their price target on shares of International Seaways from $32.50 to $35.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. TheStreet raised International Seaways from a "d+" rating to a "c-" rating in a research note on Wednesday, April 22nd. Zacks Investment Research lowered International Seaways from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Pareto Securities lowered shares of International Seaways from a "buy" rating to a "hold" rating and set a $22.00 price target on the stock. in a research note on Thursday, June 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $26.67.

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 trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.

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Insider Buying and Selling by Quarter for International Seaways (NYSE:INSW)

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