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 the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $48.26, for a total transaction of $48,260.00. Following the completion of the sale, the chief financial officer owned 75,242 shares in the company, valued at approximately $3,631,178.92. The trade was a 1.31% decrease in their position. The sale 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 Monday, November 17th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $53.58, for a total transaction of $53,580.00.
• On Wednesday, October 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00.

International Seaways Price Performance

Shares of NYSE INSW traded down $1.01 during mid-day trading on Thursday, hitting $48.10. 43,122 shares of the company’s stock traded hands, compared to its average volume of 674,741. International Seaways Inc. has a 1 year low of $27.20 and a 1 year high of $55.18. 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 company’s 50-day moving average is $50.19 and its two-hundred day moving average is $45.02. The company has a market capitalization of $2.38 billion, a P/E ratio of 10.96 and a beta of -0.20.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) EPS for the quarter. The firm had revenue of $84.82 million for the quarter. International Seaways had a net margin of 28.26% and a return on equity of 10.13%. On average, equities analysts anticipate that International Seaways Inc. will post 7.77 EPS for the current fiscal year.

International Seaways Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. International Seaways’s dividend payout ratio is presently 10.93%.

Institutional Investors Weigh In On International Seaways

Several institutional investors and hedge funds have recently made changes to their positions in the company. Encompass Capital Advisors LLC acquired a new stake in International Seaways in the first quarter worth approximately $9,957,000. Nuveen LLC bought a new stake in shares of International Seaways in the 1st quarter worth $9,079,000. Donald Smith & CO. Inc. lifted its holdings in shares of International Seaways by 43.9% in the second quarter. Donald Smith & CO. Inc. now owns 709,036 shares of the transportation company’s stock valued at $25,866,000 after buying an additional 216,325 shares during the period. Baird Financial Group Inc. acquired a new stake in International Seaways in the 1st quarter valued at about $6,965,000. Finally, Pacer Advisors Inc. boosted its position in shares of International Seaways by 4,255.3% during the 3rd quarter. Pacer Advisors Inc. now owns 197,380 shares of the transportation company’s stock valued at $9,095,000 after purchasing an additional 192,848 shares in the last quarter. 67.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a report on Wednesday, October 8th. Wall Street Zen lowered International Seaways from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Pareto Securities downgraded International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.67.

About International Seaways

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.