Key Points
- CEO Lois Zabrocky sold 2,000 shares on Nov. 17 at an average price of $53.82 for $107,640, leaving her with 184,421 shares (a 1.07% reduction in her holding).
- Quarterly dividend announced — $0.12 per share payable Dec. 23 to record holders on Dec. 9 (annualized $0.48, ~0.9% yield, payout ratio ~10.9%).
- Shares traded at $54.74 (1‑year range $27.20–$55.18) with a $2.7B market cap; the company reported a quarterly EPS of ($0.63) on $84.82M revenue and carries an average analyst rating of "Moderate Buy" with a $52.67 price target.
International Seaways Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction on Monday, November 17th. The shares were sold at an average price of $53.58, for a total transaction of $53,580.00. Following the transaction, the chief financial officer owned 71,734 shares in the company, valued at $3,843,507.72. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Jeffrey Pribor also recently made the following trade(s):
- On Wednesday, October 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $44.00, for a total value of $44,000.00.
- On Monday, September 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $48.27, for a total value of $48,270.00.
- On Friday, August 22nd, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $44.69, for a total value of $44,690.00.
International Seaways Stock Up 1.1%
Shares of NYSE INSW traded up $0.61 during trading on Thursday, reaching $54.37. 92,257 shares of the stock were exchanged, compared to its average volume of 687,910. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 11.32 and a beta of -0.02. The business's 50-day moving average price is $48.47 and its 200 day moving average price is $43.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. International Seaways Inc. has a twelve month low of $27.20 and a twelve month high of $55.18.
International Seaways (NYSE:INSW - Get Free Report) last issued its quarterly earnings data on Wednesday, November 23rd. The transportation company reported ($0.63) EPS for the quarter. The firm had revenue of $84.82 million during the quarter. International Seaways had a return on equity of 11.35% and a net margin of 29.88%. As a group, equities analysts forecast that International Seaways Inc. will post 7.77 EPS for the current fiscal year.
International Seaways Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. International Seaways's dividend payout ratio (DPR) is presently 10.93%.
Wall Street Analysts Forecast Growth
INSW has been the topic of a number of research analyst reports. Pareto Securities downgraded shares of International Seaways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 11th. BTIG Research lowered their price objective on International Seaways from $70.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of International Seaways in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.67.
Check Out Our Latest Research Report on INSW
Hedge Funds Weigh In On International Seaways
Several institutional investors have recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in International Seaways by 99.5% during the third quarter. Federated Hermes Inc. now owns 758 shares of the transportation company's stock valued at $35,000 after buying an additional 378 shares in the last quarter. Advisory Services Network LLC bought a new stake in International Seaways during the third quarter worth approximately $53,000. Picton Mahoney Asset Management bought a new stake in International Seaways during the first quarter worth approximately $55,000. EverSource Wealth Advisors LLC boosted its holdings in International Seaways by 601.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,508 shares of the transportation company's stock worth $55,000 after buying an additional 1,293 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in International Seaways by 550.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,822 shares of the transportation company's stock worth $60,000 after buying an additional 1,542 shares during the last quarter. Institutional investors own 67.29% of the company's stock.
About International Seaways
(
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.
Further Reading
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