Key Points
- CEO Lois Zabrocky sold 2,000 shares on December 15 at an average price of $48.56 for $97,120, trimming her stake by 1.08% to 182,421 shares (worth about $8.86M).
- The company declared a quarterly dividend of $0.12 (annualized $0.48, ~1.0% yield; ex-dividend Dec 9, payable Dec 23), and its shares recently traded around $48.07 with a 52‑week range of $27.20–$55.18, market cap ~$2.37B and a P/E of 10.96.
- Analyst coverage is mixed (average rating: Moderate Buy, consensus target $52.67), while the firm reported a quarterly EPS of ($0.63) despite analysts forecasting 7.77 EPS for the current fiscal year; institutional investors own ~67.3% of the stock.
International Seaways Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of the business's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $48.26, for a total transaction of $48,260.00. Following the sale, the chief financial officer owned 75,242 shares in the company, valued at $3,631,178.92. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 value of $53,580.00.
- 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.
International Seaways Stock Down 2.1%
NYSE INSW traded down $1.01 during trading on Thursday, reaching $48.10. 43,122 shares of the company's stock were exchanged, compared to its average volume of 674,741. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. International Seaways Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $55.18. The company's fifty day simple moving average is $50.19 and its 200-day simple moving average is $45.02. The firm has a market capitalization of $2.38 billion, a PE ratio of 10.96 and a beta of -0.20.
International Seaways (NYSE:INSW - Get Free Report) last issued its earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts predict that International Seaways Inc. will post 7.77 EPS for the current year.
International Seaways Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, December 9th. International Seaways's payout ratio is presently 10.93%.
Analysts Set New Price Targets
Several equities analysts have commented on INSW shares. Wall Street Zen downgraded shares of International Seaways from a "buy" rating to a "hold" rating in a research report on Sunday. Zacks Research upgraded International Seaways from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Seaways in a report on Wednesday, October 8th. Finally, Pareto Securities lowered International Seaways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.67.
Get Our Latest Report on International Seaways
Institutional Investors Weigh In On International Seaways
Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in International Seaways by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,903,764 shares of the transportation company's stock worth $133,807,000 after purchasing an additional 42,051 shares during the period. American Century Companies Inc. raised its stake in shares of International Seaways by 7.5% in the 3rd quarter. American Century Companies Inc. now owns 1,994,978 shares of the transportation company's stock valued at $91,929,000 after buying an additional 139,868 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of International Seaways by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,006,390 shares of the transportation company's stock worth $36,718,000 after acquiring an additional 6,076 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of International Seaways by 43.9% during the 2nd quarter. Donald Smith & CO. Inc. now owns 709,036 shares of the transportation company's stock valued at $25,866,000 after acquiring an additional 216,325 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in International Seaways by 17.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 544,202 shares of the transportation company's stock valued at $18,068,000 after acquiring an additional 80,591 shares during the period. 67.29% of the stock is currently owned by institutional investors.
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.
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