International Seaways (NYSE:INSW) CEO Lois Zabrocky Sells 2,000 Shares

International Seaways Inc. (NYSE:INSW) CEO Lois Zabrocky sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $63.96, for a total transaction of $127,920.00. Following the sale, the chief executive officer directly owned 178,421 shares of the company’s stock, valued at approximately $11,411,807.16. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

International Seaways Price Performance

INSW stock opened at $65.15 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75. The business has a 50-day simple moving average of $54.81 and a two-hundred day simple moving average of $50.23. The company has a market capitalization of $3.22 billion, a P/E ratio of 14.84 and a beta of -0.19. International Seaways Inc. has a 52-week low of $27.20 and a 52-week high of $66.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INSW. First Horizon Corp raised its holdings in shares of International Seaways by 121.6% in the 4th quarter. First Horizon Corp now owns 687 shares of the transportation company’s stock worth $33,000 after purchasing an additional 377 shares during the period. Federated Hermes Inc. lifted its position in shares of International Seaways by 99.5% during the 3rd quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock valued at $35,000 after buying an additional 378 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of International Seaways during the 4th quarter valued at $44,000. Garton & Associates Financial Advisors LLC bought a new position in shares of International Seaways during the 4th quarter worth $46,000. Finally, Founders Capital Management increased its holdings in International Seaways by 37.5% in the 4th quarter. Founders Capital Management now owns 1,100 shares of the transportation company’s stock worth $53,000 after acquiring an additional 300 shares during the last quarter. 67.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

INSW has been the topic of several recent analyst reports. Zacks Research cut International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Pareto Securities upgraded shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, January 20th. Wall Street Zen cut shares of International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. Finally, BTIG Research boosted their target price on International Seaways from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.67.

International Seaways Company Profile

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.