Key Points
- SVP William Nugent sold 9,583 shares at $76 on March 2 for $728,308, cutting his stake about 15.42% to 52,572 shares, according to an SEC Form 4 filing.
- Strong Q4 performance: International Seaways beat estimates with $2.45 EPS vs. $1.75 expected and $267.9M revenue vs. $245.3M estimated, posting a 36.67% net margin and 37.7% year-over-year revenue growth.
- Dividend and analyst backdrop: The company announced a $0.12 quarterly dividend (0.6% yield) and carries a consensus "Buy" rating with an average target of $64 and some price targets up to $80.
International Seaways Inc. (NYSE:INSW - Get Free Report) Director Alexandra Kate Blankenship sold 4,000 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $75.69, for a total transaction of $302,760.00. Following the completion of the sale, the director directly owned 15,213 shares of the company's stock, valued at approximately $1,151,471.97. This trade represents a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
International Seaways Stock Down 3.0%
International Seaways stock traded down $2.24 during midday trading on Thursday, hitting $73.21. 64,319 shares of the company's stock were exchanged, compared to its average volume of 575,013. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.71 and a current ratio of 3.71. The company has a market cap of $3.62 billion, a PE ratio of 11.69 and a beta of -0.23. The firm has a 50-day moving average of $59.44 and a two-hundred day moving average of $52.27. International Seaways Inc. has a 12 month low of $27.20 and a 12 month high of $78.51.
International Seaways (NYSE:INSW - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The transportation company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.70. International Seaways had a net margin of 36.67% and a return on equity of 13.92%. The firm had revenue of $267.88 million during the quarter, compared to analysts' expectations of $245.29 million. During the same quarter in the prior year, the company earned $0.90 EPS. The company's revenue was up 37.7% compared to the same quarter last year. As a group, analysts expect that International Seaways Inc. will post 7.77 earnings per share for the current fiscal year.
International Seaways Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. International Seaways's dividend payout ratio is currently 7.70%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Pareto Securities raised International Seaways from a "hold" rating to a "buy" rating and set a $64.00 price target for the company in a research report on Tuesday, January 20th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Seaways in a research note on Thursday, January 22nd. Benchmark reiterated a "buy" rating on shares of International Seaways in a report on Thursday, February 26th. BTIG Research increased their price target on shares of International Seaways from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Finally, Zacks Research upgraded shares of International Seaways from a "hold" rating to a "strong-buy" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $64.00.
View Our Latest Research Report on International Seaways
Institutional Investors Weigh In On International Seaways
Several institutional investors have recently added to or reduced their stakes in INSW. Royal Bank of Canada increased its holdings in shares of International Seaways by 42.0% during the first quarter. Royal Bank of Canada now owns 9,365 shares of the transportation company's stock valued at $311,000 after acquiring an additional 2,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in International Seaways by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,089 shares of the transportation company's stock worth $800,000 after purchasing an additional 900 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in International Seaways by 16.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 128,428 shares of the transportation company's stock valued at $4,264,000 after purchasing an additional 18,509 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in International Seaways by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 156,745 shares of the transportation company's stock valued at $5,718,000 after purchasing an additional 11,301 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of International Seaways by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 319,280 shares of the transportation company's stock worth $11,647,000 after buying an additional 4,902 shares during the last quarter. Institutional investors and hedge funds own 67.29% of the company's stock.
Key International Seaways News
Here are the key news stories impacting International Seaways this week:
- Positive Sentiment: Zacks upgraded INSW to a "Strong Buy" and flagged the name on a recent-strength screen, boosting investor confidence and likely supporting buying interest. Read More.
- Positive Sentiment: Seeking Alpha published a bullish analysis highlighting INSW’s strong Q4 beat (revenue and EPS upside, expanded operating margins, disciplined fleet/fuel management), which supports higher earnings visibility if tanker rates remain favorable. Read More.
- Neutral Sentiment: The company announced a small quarterly dividend (record Mar 20, pay Mar 30; $0.12 per share) — a signal of cash returns but immaterial yield (~0.6%) relative to recent price moves. Read More.
- Neutral Sentiment: Institutions have been adding shares (Invesco, Mackenzie, others increased positions in Q4), which supports liquidity and longer‑term investor interest. Read More.
- Negative Sentiment: Director Alexandra Kate Blankenship sold 4,000 shares at ~$75.69 on Mar 2, reducing her stake ~20.8% — insider selling can be viewed negatively by some investors. Read More.
- Negative Sentiment: SVP Derek G. Solon sold 6,000 shares at ~$75.41 on Mar 2, trimming his holding ~10.5%; another inside sale that may temper sentiment. Read More.
- Negative Sentiment: SVP William F. Nugent sold 9,583 shares at $76.00 on Mar 2, a ~15.4% reduction in his position; aggregated insider sales raise short‑term downside risk if buying momentum fades. Read More.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
