International Seaways Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $63.29, for a total transaction of $63,290.00. Following the completion of the transaction, the chief financial officer directly owned 83,463 shares in the company, valued at $5,282,373.27. This represents a 1.18% 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 Thursday, January 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $55.68, for a total transaction of $55,680.00.
- On Monday, December 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $48.26, for a total transaction of $48,260.00.
International Seaways Stock Performance
International Seaways stock opened at $65.15 on Thursday. 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 market capitalization of $3.22 billion, a PE ratio of 14.84 and a beta of -0.19. The company has a 50 day moving average price of $54.81 and a 200-day moving average price of $50.23. International Seaways Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $66.68.
Analysts Set New Price Targets
INSW has been the topic of several research reports. Weiss Ratings restated a "hold (c+)" rating on shares of International Seaways in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of International Seaways from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Zacks Research lowered shares of International Seaways from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. BTIG Research increased their price objective on shares of International Seaways from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Finally, Pareto Securities raised shares of International Seaways from a "hold" rating to a "buy" rating and set a $64.00 price objective on the stock in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.67.
Read Our Latest Stock Report on INSW
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Corp raised its stake in shares of International Seaways by 121.6% during the 4th quarter. First Horizon Corp now owns 687 shares of the transportation company's stock worth $33,000 after acquiring an additional 377 shares in the last quarter. Federated Hermes Inc. increased its position in shares of International Seaways by 99.5% during the third quarter. Federated Hermes Inc. now owns 758 shares of the transportation company's stock worth $35,000 after purchasing an additional 378 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of International Seaways during the fourth quarter worth $44,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of International Seaways during the 4th quarter valued at $46,000. Finally, Founders Capital Management boosted its position in shares of International Seaways by 37.5% in the 4th quarter. Founders Capital Management now owns 1,100 shares of the transportation company's stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 67.29% of the company's stock.
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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