Key Points
- CEO Lois Zabrocky sold 2,000 shares on April 15 at an average price of $74.57 for $149,140, reducing her stake by 0.96% to 206,745 shares (≈$15.42M).
- Strong quarterly results: the company reported $2.45 EPS versus $1.75 expected and revenue of $267.88M (up 37.7% year-over-year), and analysts largely rate the stock a "Buy" with an average price target of $68.
- Key stock metrics: market cap ~$3.79B, P/E 12.28, beta -0.23; the firm pays a $0.12 quarterly dividend (0.6% yield, 7.7% payout ratio) and is 67.29% institutionally owned.
International Seaways Inc. (NYSE:INSW - Get Free Report) CFO Jeffrey Pribor sold 1,000 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $74.50, for a total transaction of $74,500.00. Following the completion of the sale, the chief financial officer owned 103,984 shares in the company, valued at $7,746,808. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Jeffrey Pribor also recently made the following trade(s):
- On Monday, March 16th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $66.50, for a total transaction of $66,500.00.
- On Tuesday, February 17th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $63.29, for a total transaction of $63,290.00.
International Seaways Trading Up 1.1%
NYSE INSW opened at $76.50 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.71 and a quick ratio of 3.71. The firm's fifty day moving average price is $70.65 and its 200 day moving average price is $58.02. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 12.28 and a beta of -0.23. International Seaways Inc. has a 12 month low of $31.49 and a 12 month high of $78.51.
International Seaways (NYSE:INSW - Get Free Report) last posted its earnings results on Thursday, February 26th. The transportation company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.70. The firm had revenue of $267.88 million for the quarter, compared to the consensus estimate of $245.29 million. International Seaways had a net margin of 36.67% and a return on equity of 13.92%. The company's revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. On average, sell-side analysts expect that International Seaways Inc. will post 7.77 earnings per share for the current fiscal year.
International Seaways Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 20th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, March 20th. International Seaways's dividend payout ratio (DPR) is 7.70%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in shares of International Seaways by 4,255.3% in the 3rd quarter. Pacer Advisors Inc. now owns 197,380 shares of the transportation company's stock worth $9,095,000 after acquiring an additional 192,848 shares during the period. TrueMark Investments LLC acquired a new stake in shares of International Seaways in the fourth quarter valued at about $1,404,000. Denali Advisors LLC lifted its stake in shares of International Seaways by 94.3% in the third quarter. Denali Advisors LLC now owns 48,774 shares of the transportation company's stock valued at $2,248,000 after purchasing an additional 23,674 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of International Seaways in the fourth quarter valued at about $910,000. Finally, American Century Companies Inc. lifted its stake in shares of International Seaways by 7.5% in the third quarter. American Century Companies Inc. now owns 1,994,978 shares of the transportation company's stock valued at $91,929,000 after purchasing an additional 139,868 shares during the period. 67.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
INSW has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of International Seaways from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, April 7th. Benchmark reissued a "buy" rating on shares of International Seaways in a research report on Thursday, February 26th. Zacks Research raised shares of International Seaways from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of International Seaways from $63.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 9th. 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 research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $68.00.
Get Our Latest Research Report on International Seaways
International Seaways Company Profile
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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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