International Seaways, Inc. (NYSE:INSW – Get Free Report) SVP Derek G. Solon sold 4,400 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.39, for a total value of $146,916.00. Following the completion of the transaction, the senior vice president now owns 50,453 shares of the company’s stock, valued at $1,684,625.67. The trade was a 8.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
International Seaways Price Performance
Shares of NYSE INSW opened at $33.57 on Friday. International Seaways, Inc. has a 1-year low of $31.70 and a 1-year high of $65.94. The business has a 50-day moving average of $37.33 and a 200-day moving average of $42.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 3.24 and a beta of -0.17.
International Seaways Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, March 14th. International Seaways’s payout ratio is 5.72%.
Institutional Investors Weigh In On International Seaways
Analysts Set New Price Targets
A number of equities research analysts have issued reports on INSW shares. SEB Equity Research set a $50.00 price target on International Seaways in a research report on Friday, January 24th. Jefferies Financial Group reissued a “buy” rating and set a $58.00 price target on shares of International Seaways in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.
View Our Latest Report on INSW
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.
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