International Seaways (NYSE:INSW) SVP Derek Solon Sells 6,000 Shares of Stock

International Seaways Inc. (NYSE:INSW) SVP Derek Solon sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $75.41, for a total transaction of $452,460.00. Following the completion of the transaction, the senior vice president directly owned 50,989 shares of the company’s stock, valued at approximately $3,845,080.49. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

International Seaways Stock Performance

INSW stock traded down $2.24 during midday trading on Thursday, reaching $73.21. 64,319 shares of the company’s stock traded hands, compared to its average volume of 575,013. The firm has a market capitalization of $3.62 billion, a PE ratio of 11.69 and a beta of -0.23. The company has a 50-day moving average price of $59.44 and a two-hundred day moving average price of $52.27. International Seaways Inc. has a 52 week low of $27.20 and a 52 week high of $78.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.71 and a current ratio of 3.71.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Thursday, February 26th. The transportation company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.70. International Seaways had a return on equity of 13.92% and a net margin of 36.67%.The firm had revenue of $267.88 million during the quarter, compared to analyst estimates of $245.29 million. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, equities analysts anticipate that International Seaways Inc. will post 7.77 EPS for the current year.

International Seaways Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.48 annualized dividend and a yield of 0.7%. International Seaways’s dividend payout ratio (DPR) is currently 7.70%.

More International Seaways News

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: Zacks upgraded INSW to a “Strong Buy” and flagged the name on a recent-strength screen, boosting investor confidence and likely supporting buying interest. Read More.
• Positive Sentiment: Seeking Alpha published a bullish analysis highlighting INSW’s strong Q4 beat (revenue and EPS upside, expanded operating margins, disciplined fleet/fuel management), which supports higher earnings visibility if tanker rates remain favorable. Read More.
• Neutral Sentiment: The company announced a small quarterly dividend (record Mar 20, pay Mar 30; $0.12 per share) — a signal of cash returns but immaterial yield (~0.6%) relative to recent price moves. Read More.
• Neutral Sentiment: Institutions have been adding shares (Invesco, Mackenzie, others increased positions in Q4), which supports liquidity and longer‑term investor interest. Read More.
• Negative Sentiment: Director Alexandra Kate Blankenship sold 4,000 shares at ~$75.69 on Mar 2, reducing her stake ~20.8% — insider selling can be viewed negatively by some investors. Read More.
• Negative Sentiment: SVP Derek G. Solon sold 6,000 shares at ~$75.41 on Mar 2, trimming his holding ~10.5%; another inside sale that may temper sentiment. Read More.
• Negative Sentiment: SVP William F. Nugent sold 9,583 shares at $76.00 on Mar 2, a ~15.4% reduction in his position; aggregated insider sales raise short‑term downside risk if buying momentum fades. Read More.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INSW shares. Pareto Securities upgraded shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Tuesday, January 20th. Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. BTIG Research raised their price target on shares of International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Benchmark restated a “buy” rating on shares of International Seaways in a research report on Thursday, February 26th. Finally, Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $64.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Corp grew its position 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 buying an additional 377 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of 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 acquiring an additional 378 shares in the last quarter. Leonteq Securities AG purchased a new stake in International Seaways in the fourth quarter worth $44,000. Garton & Associates Financial Advisors LLC bought a new stake in International Seaways in the fourth quarter valued at $46,000. Finally, Founders Capital Management boosted 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 valued at $53,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 67.29% of the company’s stock.

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.