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

International Seaways Inc (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $26.44, for a total value of $26,440.00. Following the completion of the sale, the chief financial officer now owns 11,992 shares of the company’s stock, valued at $317,068.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, October 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $19.49, for a total value of $19,490.00.

Shares of NYSE INSW opened at $25.99 on Wednesday. The stock has a market capitalization of $775.19 million, a P/E ratio of -11.81 and a beta of 0.30. The company has a 50-day moving average price of $25.82 and a 200-day moving average price of $20.19. International Seaways Inc has a 1 year low of $15.15 and a 1 year high of $27.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.57.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, November 7th. The transportation company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The business had revenue of $71.28 million for the quarter, compared to the consensus estimate of $72.42 million. International Seaways had a negative return on equity of 0.69% and a negative net margin of 2.85%. As a group, equities research analysts anticipate that International Seaways Inc will post 0.74 earnings per share for the current fiscal year.

Several research analysts have issued reports on INSW shares. ValuEngine lowered International Seaways from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Zacks Investment Research downgraded International Seaways from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, BTIG Research initiated coverage on International Seaways in a research report on Friday, October 11th. They set a “buy” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.25.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Founders Capital Management boosted its stake in International Seaways by 100.0% during the 3rd quarter. Founders Capital Management now owns 2,000 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Bank of Montreal Can increased its holdings in International Seaways by 30,442.9% during the 2nd quarter. Bank of Montreal Can now owns 2,138 shares of the transportation company’s stock worth $40,000 after purchasing an additional 2,131 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of International Seaways in the second quarter worth approximately $41,000. Aperio Group LLC purchased a new stake in shares of International Seaways in the second quarter worth approximately $65,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of International Seaways in the second quarter worth approximately $73,000. 77.02% of the stock is currently owned by institutional investors and hedge funds.

International Seaways Company Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.

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