Key Points
- CAO James Small III sold 20,000 INSW shares on Nov. 14 at $53.60 each, generating $1,072,000 and cutting his ownership by 28.86% to 49,292 shares (≈$2.64M).
- International Seaways reported a ($0.63) EPS loss for the recent quarter on $84.82M revenue, pays a quarterly dividend of $0.12 (annualized $0.48, ~0.9% yield; ex-dividend Dec. 9), and holds a MarketBeat consensus rating of "Moderate Buy" with a $52.67 price target.
International Seaways Inc. (NYSE:INSW - Get Free Report) CAO James Small III sold 20,000 shares of the business's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $53.60, for a total transaction of $1,072,000.00. Following the transaction, the chief accounting officer directly owned 49,292 shares in the company, valued at approximately $2,642,051.20. The trade was a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
International Seaways Price Performance
INSW opened at $53.61 on Tuesday. International Seaways Inc. has a twelve month low of $27.20 and a twelve month high of $54.62. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 11.14 and a beta of -0.02. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $48.17 and a 200 day simple moving average of $42.87.
International Seaways (NYSE:INSW - Get Free Report) last posted its quarterly earnings data on Wednesday, November 23rd. The transportation company reported ($0.63) earnings per share for the quarter. The firm had revenue of $84.82 million during the quarter. International Seaways had a net margin of 29.88% and a return on equity of 11.35%. Equities research analysts expect that International Seaways Inc. will post 7.77 EPS for the current fiscal year.
International Seaways Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, December 9th. International Seaways's dividend payout ratio (DPR) is 10.93%.
Analyst Ratings Changes
Several research firms have recently commented on INSW. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Seaways in a research note on Wednesday, October 8th. BTIG Research cut their price target on shares of International Seaways from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, Pareto Securities downgraded shares of International Seaways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.67.
View Our Latest Stock Report on INSW
Institutional Investors Weigh In On International Seaways
A number of institutional investors have recently made changes to their positions in the company. Verition Fund Management LLC lifted its stake in International Seaways by 2.6% during the third quarter. Verition Fund Management LLC now owns 57,122 shares of the transportation company's stock worth $2,632,000 after purchasing an additional 1,466 shares during the last quarter. Mariner LLC acquired a new stake in shares of International Seaways during the third quarter worth $291,000. Millennium Management LLC lifted its position in shares of International Seaways by 11.5% in the 3rd quarter. Millennium Management LLC now owns 79,571 shares of the transportation company's stock worth $3,667,000 after buying an additional 8,224 shares during the last quarter. Moore Capital Management LP acquired a new position in shares of International Seaways in the 3rd quarter valued at about $461,000. Finally, Alliancebernstein L.P. grew its position in shares of International Seaways by 6.5% during the 3rd quarter. Alliancebernstein L.P. now owns 43,627 shares of the transportation company's stock valued at $2,010,000 after buying an additional 2,661 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors.
International Seaways Company Profile
(
Get Free Report)
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.
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