International Seaways, Inc. (NYSE:INSW) CAO James D. Small III Sells 500 Shares of Stock

International Seaways, Inc. (NYSE:INSW) CAO James D. Small III sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $47.97, for a total value of $23,985.00. Following the transaction, the chief accounting officer now directly owns 43,217 shares of the company’s stock, valued at approximately $2,073,119.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

International Seaways Trading Up 1.1 %

Shares of INSW stock opened at $46.59 on Friday. The firm has a 50 day moving average price of $45.21 and a two-hundred day moving average price of $41.62. The company has a quick ratio of 2.52, a current ratio of 2.53 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.28 billion, a PE ratio of 3.59 and a beta of 0.09. International Seaways, Inc. has a 12-month low of $33.04 and a 12-month high of $53.25.

International Seaways Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $5.00 annualized dividend and a yield of 10.73%. International Seaways’s dividend payout ratio (DPR) is presently 3.70%.

Institutional Investors Weigh In On International Seaways

Several hedge funds have recently bought and sold shares of INSW. Federated Hermes Inc. acquired a new stake in shares of International Seaways in the third quarter valued at approximately $28,000. Point72 Asset Management L.P. raised its position in shares of International Seaways by 55.2% in the second quarter. Point72 Asset Management L.P. now owns 1,015 shares of the transportation company’s stock valued at $39,000 after buying an additional 361 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of International Seaways in the fourth quarter valued at approximately $46,000. Tower Research Capital LLC TRC raised its position in shares of International Seaways by 279.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,103 shares of the transportation company’s stock valued at $50,000 after buying an additional 812 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of International Seaways in the first quarter valued at approximately $58,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BTIG Research upped their target price on International Seaways from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. StockNews.com downgraded International Seaways from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.20.

International Seaways Company Profile

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. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.