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

International Seaways, Inc. (NYSE:INSWGet Free Report) CFO Jeffrey Pribor sold 1,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $53.39, for a total transaction of $53,390.00. Following the sale, the chief financial officer now owns 69,010 shares in the company, valued at approximately $3,684,443.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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 value 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 value of $53,090.00.
  • On Thursday, February 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $54.23, for a total value of $54,230.00.

International Seaways Stock Performance

Shares of INSW opened at $53.84 on Wednesday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 4.79 and a beta of -0.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.38 and a quick ratio of 2.37. International Seaways, Inc. has a one year low of $34.77 and a one year high of $54.95. The business has a fifty day moving average of $52.50 and a 200 day moving average of $48.57.

International Seaways (NYSE:INSWGet Free Report) last announced its 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 analysts’ expectations of $239.36 million. International Seaways had a return on equity of 32.03% and a net margin of 51.92%. As a group, sell-side analysts anticipate that International Seaways, Inc. will post 9.36 EPS for the current year.

International Seaways Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.80 annualized dividend and a yield of 8.92%. International Seaways’s dividend payout ratio (DPR) is 4.27%.

Analyst Upgrades and Downgrades

INSW has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $66.00 target price on shares of International Seaways in a research note on Thursday, February 29th. StockNews.com cut shares of International Seaways from a “buy” rating to a “hold” rating in a report on Friday, March 29th.

Read Our Latest Analysis on INSW

Institutional Trading of International Seaways

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSW. Vanguard Group Inc. boosted its stake in shares of International Seaways by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 3,700,058 shares of the transportation company’s stock worth $168,279,000 after acquiring an additional 119,000 shares during the last quarter. BlackRock Inc. raised its holdings in International Seaways by 1.3% in the 3rd quarter. BlackRock Inc. now owns 3,365,733 shares of the transportation company’s stock worth $118,238,000 after purchasing an additional 43,736 shares during the period. Dimensional Fund Advisors LP raised its holdings in International Seaways by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,198,419 shares of the transportation company’s stock worth $145,464,000 after purchasing an additional 122,642 shares during the period. Donald Smith & CO. Inc. lifted its position in 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 purchasing an additional 318,962 shares in the last quarter. Finally, State Street Corp grew its holdings in International Seaways by 5.0% during the first quarter. State Street Corp now owns 1,186,385 shares of the transportation company’s stock valued at $49,449,000 after purchasing an additional 56,497 shares during the period. 67.29% of the stock is owned by hedge funds and other institutional investors.

International Seaways Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for International Seaways (NYSE:INSW)

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