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

International Seaways Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $55.68, for a total value of $55,680.00. Following the completion of the sale, the chief financial officer owned 79,073 shares in the company, valued at approximately $4,402,784.64. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $48.26, for a total value of $48,260.00.
• On Monday, November 17th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $53.58, for a total transaction of $53,580.00.

International Seaways Trading Up 1.1%

INSW stock traded up $0.62 during trading on Friday, hitting $56.40. The company had a trading volume of 448,338 shares, compared to its average volume of 633,431. International Seaways Inc. has a 52-week low of $27.20 and a 52-week high of $57.35. The company has a 50 day simple moving average of $51.41 and a 200-day simple moving average of $46.73. The firm has a market capitalization of $2.79 billion, a P/E ratio of 12.85 and a beta of -0.18. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.26.

International Seaways (NYSE:INSW) last issued its earnings results on Thursday, November 6th. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.24. The business had revenue of $196.39 million for the quarter, compared to the consensus estimate of $180.92 million. International Seaways had a net margin of 28.26% and a return on equity of 10.13%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 EPS. As a group, research analysts forecast that International Seaways Inc. will post 7.77 earnings per share for the current fiscal year.

International Seaways Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, December 9th. International Seaways’s dividend payout ratio (DPR) is presently 10.93%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its position in International Seaways by 99.5% during the third quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 378 shares in the last quarter. Founders Capital Management raised its holdings in International Seaways by 37.5% in the fourth quarter. Founders Capital Management now owns 1,100 shares of the transportation company’s stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of International Seaways during the third quarter valued at about $53,000. Sunbelt Securities Inc. purchased a new stake in shares of International Seaways during the third quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of International Seaways by 601.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,508 shares of the transportation company’s stock valued at $55,000 after buying an additional 1,293 shares in the last quarter. 67.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on INSW. Pareto Securities cut International Seaways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c+)” rating on shares of International Seaways in a report on Wednesday, October 8th. Zacks Research lowered shares of International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.67.

About International Seaways

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.