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

International Seaways Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $63.29, for a total value of $63,290.00. Following the transaction, the chief financial officer directly owned 83,463 shares in the company, valued at approximately $5,282,373.27. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $55.68, for a total transaction of $55,680.00.
• 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 transaction of $48,260.00.

International Seaways Stock Performance

INSW opened at $65.15 on Thursday. The company 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 debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $3.22 billion, a P/E ratio of 14.84 and a beta of -0.19. International Seaways Inc. has a 1-year low of $27.20 and a 1-year high of $66.68.

Hedge Funds Weigh In On International Seaways

Several institutional investors have recently added to or reduced their stakes in INSW. First Horizon Corp raised its holdings in shares of International Seaways by 121.6% during the 4th quarter. First Horizon Corp now owns 687 shares of the transportation company’s stock worth $33,000 after acquiring an additional 377 shares in the last quarter. Federated Hermes Inc. lifted its position in International Seaways by 99.5% in the third quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock worth $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 worth about $44,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of International Seaways during the fourth quarter valued at approximately $46,000. Finally, Founders Capital Management increased its stake 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 during the period. Hedge funds and other institutional investors own 67.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research cut International Seaways from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Pareto Securities raised International Seaways from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Tuesday, January 20th. BTIG Research boosted their price target on International Seaways from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, International Seaways has an average rating of “Moderate Buy” and an average price target of $60.67.

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.