International Seaways, Inc. (NYSE:INSW) CFO Sells $54,870.00 in Stock

International Seaways, Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $54.87, for a total transaction of $54,870.00. Following the sale, the chief financial officer now directly owns 76,849 shares in the company, valued at $4,216,704.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

International Seaways Price Performance

International Seaways stock opened at $56.17 on Monday. The business’s 50-day simple moving average is $53.16 and its 200 day simple moving average is $50.17. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 4.99 and a beta of -0.05. International Seaways, Inc. has a 12-month low of $34.77 and a 12-month high of $56.77.

International Seaways (NYSE:INSW) last announced its quarterly earnings data on Thursday, February 29th. The transportation company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.10. International Seaways had a net margin of 51.92% and a return on equity of 32.03%. The business had revenue of $250.73 million for the quarter, compared to analyst estimates of $239.36 million. As a group, research analysts anticipate that International Seaways, Inc. will post 9.33 earnings per share for the current year.

International Seaways Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.20 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.80 annualized dividend and a dividend yield of 8.55%. International Seaways’s dividend payout ratio is currently 4.27%.

Wall Street Analyst Weigh In

A number of brokerages have commented on INSW. Stifel Nicolaus increased their price objective on shares of International Seaways from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Jefferies Financial Group reissued a “buy” rating and set a $66.00 price target on shares of International Seaways in a research note on Thursday, February 29th. Finally, StockNews.com lowered shares of International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, April 27th.

Institutional Investors Weigh In On International Seaways

A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its holdings in International Seaways by 0.4% during the third quarter. Swiss National Bank now owns 75,200 shares of the transportation company’s stock worth $3,384,000 after buying an additional 300 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in International Seaways by 7.0% during the fourth quarter. Consolidated Portfolio Review Corp now owns 7,846 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 516 shares during the period. Verity Asset Management Inc. increased its stake in International Seaways by 6.3% in the fourth quarter. Verity Asset Management Inc. now owns 9,195 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 549 shares in the last quarter. Federated Hermes Inc. raised its holdings in International Seaways by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 70,656 shares of the transportation company’s stock worth $3,213,000 after purchasing an additional 1,247 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in International Seaways by 19.0% in the third quarter. Nisa Investment Advisors LLC now owns 9,554 shares of the transportation company’s stock worth $430,000 after purchasing an additional 1,524 shares during the period. 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.