Key Points
- CFO Jeffrey Pribor sold 1,000 shares on Jan. 15 at an average price of $55.68 for $55,680, cutting his stake by 1.25% to 79,073 shares valued at roughly $4.40 million; the transaction was disclosed in an SEC filing.
- Recent results and stock metrics: International Seaways reported Q earnings of $1.15 per share (beating the $0.91 estimate) on $196.4M revenue (down 12.8% YoY); the stock trades near $56.40, has a $2.79B market cap, P/E of 12.85, 52‑week range $27.20–$57.35, and pays a $0.12 quarterly dividend (0.9% yield).
International Seaways Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of the company's stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $55.68, for a total transaction of $55,680.00. Following the transaction, the chief financial officer owned 79,073 shares of the company's stock, valued at approximately $4,402,784.64. The trade was a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Jeffrey Pribor also recently made the following trade(s):
- On Monday, December 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $48.26, for a total transaction of $48,260.00.
- On Monday, November 17th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $53.58, for a total transaction of $53,580.00.
International Seaways Stock Up 1.1%
Shares of INSW opened at $56.40 on Friday. 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 company has a 50-day simple moving average of $51.47 and a 200-day simple moving average of $46.87. International Seaways Inc. has a 52 week low of $27.20 and a 52 week high of $57.35. The firm has a market capitalization of $2.79 billion, a P/E ratio of 12.85 and a beta of -0.18.
International Seaways (NYSE:INSW - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.24. The firm had revenue of $196.39 million for the quarter, compared to analyst estimates of $180.92 million. International Seaways had a return on equity of 10.13% and a net margin of 28.26%.The company's quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. On average, equities research analysts expect that International Seaways Inc. will post 7.77 earnings per share for the current year.
International Seaways Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, December 9th. International Seaways's dividend payout ratio is presently 10.93%.
Institutional Investors Weigh In On International Seaways
Several institutional investors and hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. increased 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 worth $25,866,000 after purchasing an additional 216,325 shares in the last quarter. Pacer Advisors Inc. boosted its position in International Seaways by 4,255.3% in the third quarter. Pacer Advisors Inc. now owns 197,380 shares of the transportation company's stock valued at $9,095,000 after buying an additional 192,848 shares in the last quarter. American Century Companies Inc. grew its stake in International Seaways by 9.4% during the second quarter. American Century Companies Inc. now owns 1,855,110 shares of the transportation company's stock worth $67,674,000 after buying an additional 159,125 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in International Seaways by 105.2% during the second quarter. Frontier Capital Management Co. LLC now owns 270,386 shares of the transportation company's stock worth $9,864,000 after buying an additional 138,625 shares during the last quarter. Finally, Marex Group plc acquired a new stake in shares of International Seaways during the second quarter worth approximately $4,276,000. Institutional investors and hedge funds own 67.29% of the company's stock.
Analysts Set New Price Targets
INSW has been the topic of several analyst reports. Pareto Securities lowered shares of International Seaways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 11th. Wall Street Zen lowered shares of International Seaways from a "buy" rating to a "hold" rating in a research report on Sunday, December 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Seaways in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of International Seaways from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $52.67.
View Our Latest Report on INSW
About International Seaways
(
Get Free Report)
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.
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