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 company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $58.83, for a total value of $58,830.00. Following the transaction, the chief financial officer now directly owns 39,849 shares in the company, valued at $2,344,316.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 7th, Jeffrey Pribor sold 35,000 shares of International Seaways stock. The shares were sold at an average price of $62.37, for a total transaction of $2,182,950.00.
• On Wednesday, May 1st, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $54.87, for a total transaction of $54,870.00.

International Seaways Stock Up 0.4 %

INSW stock opened at $60.22 on Thursday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 5.63 and a beta of -0.06. The company has a current ratio of 2.73, a quick ratio of 2.72 and a debt-to-equity ratio of 0.31. International Seaways, Inc. has a 12 month low of $35.51 and a 12 month high of $65.94. The firm has a 50-day moving average of $60.29 and a two-hundred day moving average of $54.54.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Wednesday, May 8th. The transportation company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.54. International Seaways had a net margin of 49.88% and a return on equity of 29.74%. The business had revenue of $274.40 million during the quarter, compared to analysts’ expectations of $249.12 million. During the same quarter in the prior year, the company posted $3.30 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts forecast that International Seaways, Inc. will post 10.3 earnings per share for the current fiscal year.

International Seaways Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 11.62%. This is a boost from International Seaways’s previous quarterly dividend of $1.20. International Seaways’s dividend payout ratio (DPR) is presently 4.49%.

Analyst Ratings Changes

Several equities research analysts have commented on INSW shares. Stifel Nicolaus upped their price target on shares of International Seaways from $66.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of International Seaways from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, StockNews.com upgraded shares of International Seaways from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, International Seaways presently has a consensus rating of “Buy” and a consensus target price of $63.75.

Hedge Funds Weigh In On International Seaways

A number of hedge funds have recently made changes to their positions in INSW. EverSource Wealth Advisors LLC purchased a new position in International Seaways in the 1st quarter valued at approximately $27,000. Headlands Technologies LLC raised its stake in International Seaways by 173.4% during the 1st quarter. Headlands Technologies LLC now owns 905 shares of the transportation company’s stock worth $48,000 after acquiring an additional 574 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in International Seaways during the 1st quarter worth $108,000. Bfsg LLC acquired a new stake in International Seaways during the 4th quarter worth $167,000. Finally, U S Global Investors Inc. increased its stake in International Seaways by 144.5% in the fourth quarter. U S Global Investors Inc. now owns 4,230 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other 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.