International Seaways, Inc. (NYSE:INSW) CFO Jeffrey Pribor Sells 1,000 Shares

International Seaways, Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $54.87, for a total transaction of $54,870.00. Following the sale, the chief financial officer now directly owns 76,849 shares of the company’s stock, valued at approximately $4,216,704.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jeffrey Pribor also recently made the following trade(s):

• On Monday, April 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The stock was sold at an average price of $53.39, for a total transaction of $53,390.00.
• On Wednesday, March 13th, Jeffrey Pribor sold 16,000 shares of International Seaways stock. The stock was sold at an average price of $51.59, for a total transaction of $825,440.00.
• On Friday, March 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $53.09, for a total transaction of $53,090.00.

International Seaways Price Performance

Shares of NYSE INSW opened at $56.17 on Monday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 4.99 and a beta of -0.05. The firm’s 50-day moving average price is $53.16 and its 200-day moving average price is $50.17. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.35. International Seaways, Inc. has a 1-year low of $34.77 and a 1-year high of $56.77.

International Seaways (NYSE:INSW) last announced its quarterly earnings results on Thursday, February 29th. The transportation company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.10. The business had revenue of $250.73 million for the quarter, compared to analyst estimates of $239.36 million. International Seaways had a return on equity of 32.03% and a net margin of 51.92%. Equities research analysts anticipate that International Seaways, Inc. will post 9.33 earnings per share for the current fiscal year.

International Seaways Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 8.55%. The ex-dividend date was Wednesday, March 13th. International Seaways’s payout ratio is currently 4.27%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on INSW shares. Stifel Nicolaus boosted their price objective on International Seaways from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 target price on shares of International Seaways in a report on Thursday, February 29th. Finally, StockNews.com cut International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, April 27th.

Institutional Trading of International Seaways

A number of hedge funds and other institutional investors have recently bought and sold shares of INSW. Donald Smith & CO. Inc. grew its holdings in shares of International Seaways by 24.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,613,803 shares of the transportation company’s stock valued at $73,396,000 after buying an additional 318,962 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in International Seaways in the 4th quarter valued at about $14,399,000. Vanguard Group Inc. boosted its stake in International Seaways by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,581,058 shares of the transportation company’s stock valued at $161,148,000 after purchasing an additional 181,287 shares during the last quarter. Hosking Partners LLP increased its holdings in International Seaways by 20.1% during the 3rd quarter. Hosking Partners LLP now owns 964,530 shares of the transportation company’s stock worth $43,404,000 after purchasing an additional 161,643 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in International Seaways by 57.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 403,848 shares of the transportation company’s stock worth $18,367,000 after purchasing an additional 147,740 shares in the last quarter. Institutional investors own 67.29% of the company’s stock.

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. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.