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

International Seaways, Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $54.87, for a total transaction of $54,870.00. Following the sale, the chief financial officer now owns 76,849 shares of the company’s stock, valued at $4,216,704.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, April 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $53.39, for a total value of $53,390.00.
• On Wednesday, March 13th, Jeffrey Pribor sold 16,000 shares of International Seaways stock. The shares were sold at an average price of $51.59, for a total value of $825,440.00.
• On Friday, March 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $53.09, for a total transaction of $53,090.00.

International Seaways Stock Performance

Shares of INSW stock opened at $56.17 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.37 and a current ratio of 2.38. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 4.99 and a beta of -0.05. International Seaways, Inc. has a one year low of $34.77 and a one year high of $56.77. The company has a 50 day moving average price of $53.16 and a 200 day moving average price of $50.14.

International Seaways (NYSE:INSW) last released its quarterly earnings data on Thursday, February 29th. The transportation company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.10. International Seaways had a return on equity of 32.03% and a net margin of 51.92%. The business had revenue of $250.73 million during the quarter, compared to the consensus estimate of $239.36 million. Sell-side analysts anticipate that International Seaways, Inc. will post 9.33 EPS for the current year.

International Seaways Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date was Wednesday, March 13th. International Seaways’s payout ratio is currently 4.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of International Seaways in the third quarter worth $224,000. Raymond James & Associates acquired a new stake in International Seaways in the 3rd quarter valued at $274,000. Baker Ellis Asset Management LLC purchased a new position in International Seaways in the third quarter valued at about $220,000. Guyasuta Investment Advisors Inc. acquired a new position in shares of International Seaways during the third quarter worth about $310,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of International Seaways by 34.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,535 shares of the transportation company’s stock worth $294,000 after buying an additional 1,683 shares during the period. 67.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 target price on shares of International Seaways in a research note on Thursday, February 29th. Stifel Nicolaus upped their price objective on International Seaways from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, StockNews.com cut International Seaways from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th.

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.