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

International Seaways Inc. (NYSE:INSW) CEO Lois Zabrocky sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $55.17, for a total transaction of $110,340.00. Following the completion of the transaction, the chief executive officer directly owned 180,421 shares in the company, valued at approximately $9,953,826.57. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

International Seaways Price Performance

Shares of International Seaways stock traded up $0.62 on Friday, reaching $56.40. 448,338 shares of the stock were exchanged, compared to its average volume of 633,431. 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 firm has a market cap of $2.79 billion, a PE ratio of 12.85 and a beta of -0.18. The firm’s 50 day moving average is $51.41 and its 200-day moving average is $46.73. International Seaways Inc. has a one year low of $27.20 and a one year high of $57.35.

International Seaways (NYSE:INSW) last announced its quarterly earnings data on Thursday, November 6th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.24. International Seaways had a net margin of 28.26% and a return on equity of 10.13%. The business had revenue of $196.39 million for the quarter, compared to analysts’ expectations of $180.92 million. During the same period last year, the firm posted $1.57 earnings per share. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. As a group, analysts anticipate that International Seaways Inc. will post 7.77 EPS for the current fiscal year.

International Seaways Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. International Seaways’s payout ratio is 10.93%.

Analyst Ratings Changes

INSW has been the topic of a number of recent analyst reports. Zacks Research cut International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Pareto Securities downgraded shares of International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INSW. Federated Hermes Inc. grew its holdings in International Seaways by 99.5% during the 3rd quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock worth $35,000 after acquiring an additional 378 shares during the last quarter. Founders Capital Management lifted its holdings in shares of International Seaways by 37.5% during 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. Advisory Services Network LLC bought a new stake in shares of International Seaways in the third quarter worth $53,000. EverSource Wealth Advisors LLC increased its holdings in International Seaways by 601.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,508 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 1,293 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in International Seaways during the 3rd quarter worth $64,000. 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.