International Seaways, Inc. (NYSE:INSW – Get Rating) CAO James D. Small III sold 500 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $42.80, for a total value of $21,400.00. Following the completion of the transaction, the chief accounting officer now owns 67,323 shares in the company, valued at $2,881,424.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
International Seaways Price Performance
Shares of NYSE:INSW opened at $40.72 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.00 billion, a PE ratio of 5.22 and a beta of 0.04. The company’s fifty day moving average is $42.87 and its 200 day moving average is $39.87. International Seaways, Inc. has a 52 week low of $16.36 and a 52 week high of $53.25.
International Seaways (NYSE:INSW – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.37. International Seaways had a return on equity of 29.13% and a net margin of 44.86%. The firm had revenue of $338.16 million for the quarter, compared to analysts’ expectations of $311.42 million. Research analysts anticipate that International Seaways, Inc. will post 8.38 earnings per share for the current year.
International Seaways Increases Dividend
Institutional Trading of International Seaways
A number of institutional investors have recently made changes to their positions in INSW. Victory Capital Management Inc. raised its holdings in International Seaways by 405.7% during the 4th quarter. Victory Capital Management Inc. now owns 372,882 shares of the transportation company’s stock valued at $13,804,000 after buying an additional 299,149 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of International Seaways in the fourth quarter valued at about $46,000. Point72 Middle East FZE bought a new position in shares of International Seaways during the fourth quarter valued at about $229,000. State of Wyoming boosted its holdings in shares of International Seaways by 183.7% during the fourth quarter. State of Wyoming now owns 7,818 shares of the transportation company’s stock worth $289,000 after purchasing an additional 5,062 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of International Seaways by 125.3% in the fourth quarter. Jane Street Group LLC now owns 100,611 shares of the transportation company’s stock worth $3,725,000 after purchasing an additional 55,958 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on INSW. Deutsche Bank Aktiengesellschaft upped their price objective on shares of International Seaways from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Jefferies Financial Group increased their price target on shares of International Seaways from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. StockNews.com began coverage on International Seaways in a research note on Thursday. They issued a “buy” rating on the stock. Finally, B. Riley lifted their price target on International Seaways from $60.00 to $70.00 in a research note on Wednesday, March 1st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, International Seaways has a consensus rating of “Buy” and an average price target of $56.40.
International Seaways Company Profile
International Seaways, Inc engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers and Product Carriers. The Crude Tankers segment consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers segment focuses on crude and refined petroleum products.
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