International Seaways Inc (NYSE:INSW) Director Sells $138,065.00 in Stock

International Seaways Inc (NYSE:INSW) Director Randee E. Day sold 5,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $26.05, for a total transaction of $138,065.00. Following the sale, the director now owns 8,261 shares in the company, valued at approximately $215,199.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

INSW traded down $0.10 on Thursday, reaching $26.66. 5,444 shares of the company traded hands, compared to its average volume of 186,111. The stock’s 50 day moving average price is $24.75 and its 200-day moving average price is $19.71. International Seaways Inc has a 52-week low of $15.15 and a 52-week high of $27.02. The company has a market cap of $787.62 million, a price-to-earnings ratio of -12.11 and a beta of 0.28. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.57.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, November 7th. The transportation company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.03). The business had revenue of $71.28 million during the quarter, compared to the consensus estimate of $72.42 million. International Seaways had a negative return on equity of 0.69% and a negative net margin of 2.85%. As a group, equities research analysts forecast that International Seaways Inc will post 0.74 earnings per share for the current fiscal year.

A number of research analysts recently commented on INSW shares. BTIG Research started coverage on shares of International Seaways in a research report on Friday, October 11th. They set a “buy” rating and a $30.00 price objective on the stock. ValuEngine downgraded shares of International Seaways from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. B. Riley boosted their price objective on shares of International Seaways from $21.50 to $27.25 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Zacks Investment Research downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.56.

A number of hedge funds have recently bought and sold shares of INSW. Founders Capital Management grew its position in International Seaways by 100.0% in the third quarter. Founders Capital Management now owns 2,000 shares of the transportation company’s stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter. Bank of Montreal Can grew its position in International Seaways by 30,442.9% in the second quarter. Bank of Montreal Can now owns 2,138 shares of the transportation company’s stock worth $40,000 after acquiring an additional 2,131 shares in the last quarter. Quantamental Technologies LLC bought a new stake in International Seaways in the second quarter worth approximately $41,000. Aperio Group LLC bought a new stake in International Seaways in the second quarter worth approximately $65,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in International Seaways in the second quarter worth approximately $73,000. 78.30% of the stock is owned by institutional investors.

About International Seaways

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.

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