Insider Selling: International Seaways (NYSE:INSW) CEO Sells 2,000 Shares of Company Stock

International Seaways Inc. (NYSE:INSW) CEO Lois Zabrocky sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $114.23, for a total value of $228,460.00. Following the completion of the transaction, the chief executive officer directly owned 169,745 shares in the company, valued at $19,389,971.35. The trade was a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

International Seaways Stock Performance

NYSE:INSW traded down $5.11 during mid-day trading on Monday, hitting $104.88. 1,102,402 shares of the stock were exchanged, compared to its average volume of 612,262. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 0.27 and a beta of -0.14. The firm’s 50-day simple moving average is $105.69 and its 200 day simple moving average is $91.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.76 and a current ratio of 5.94. International Seaways Inc. has a fifty-two week low of $44.84 and a fifty-two week high of $126.27.

International Seaways (NYSE:INSW) last released its quarterly earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.36. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The business had revenue of $467.29 million during the quarter, compared to the consensus estimate of $406.38 million. During the same period in the previous year, the company posted $1.02 EPS. The firm’s quarterly revenue was up 138.9% on a year-over-year basis. As a group, equities analysts anticipate that International Seaways Inc. will post 17.08 EPS for the current fiscal year.

International Seaways Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $5.05 per share. This is an increase from International Seaways’s previous quarterly dividend of $0.12. This represents a $20.20 dividend on an annualized basis and a dividend yield of 19.3%. The ex-dividend date of this dividend was Thursday, September 10th. International Seaways’s payout ratio is 129.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Zacks Research upgraded shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. B. Riley Financial boosted their price objective on shares of International Seaways from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, October 5th. BTIG Research boosted their price objective on shares of International Seaways from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 18th. Finally, Weiss Ratings upgraded shares of International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, International Seaways has a consensus rating of “Buy” and an average target price of $109.80.

Key Headlines Impacting International Seaways

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: International Seaways agreed to acquire Bruton for approximately $370 million, adding four very large crude carriers (VLCCs) to its fleet. The transaction would expand the company’s exposure to the tanker market and could increase earnings capacity if crude-shipping rates remain strong. International Seaways Expands VLCC Fleet Through Combination with Bruton
• Neutral Sentiment: Analysts’ consensus price target is reported at $109.80, suggesting limited upside relative to recent trading levels. The target reflects expectations for continued strong tanker earnings but may not yet fully account for the Bruton transaction. Consensus target for International Seaways stock stands at USD 109.80
• Negative Sentiment: A major shareholder, Famatown Finance Ltd., has sold roughly $107 million of International Seaways stock over several months, including numerous transactions reported today. Large insider or shareholder disposals can pressure the stock and raise concerns about near-term supply, even though the seller retains a substantial position. International Seaways owner sells $107 million stake over months
• Negative Sentiment: Several individual sale reports—ranging from roughly $3 million to more than $12 million—reinforce the scale of the shareholder’s selling activity. The transactions may be contributing more immediately to investor caution than the fleet-expansion announcement is contributing to buying interest. International Seaways major shareholder sells stock

Institutional Trading of International Seaways

Institutional investors have recently modified their holdings of the stock. Mather Group LLC. boosted its stake in International Seaways by 100.0% in the third quarter. Mather Group LLC. now owns 400 shares of the transportation company’s stock valued at $44,000 after buying an additional 200 shares in the last quarter. Ifrah Financial Services Inc. acquired a new position in International Seaways during the third quarter worth about $347,000. Contravisory Investment Management Inc. raised its stake in International Seaways by 9.2% during the third quarter. Contravisory Investment Management Inc. now owns 5,459 shares of the transportation company’s stock worth $601,000 after acquiring an additional 460 shares in the last quarter. Perpetual Ltd boosted its stake in shares of International Seaways by 16.0% in the 3rd quarter. Perpetual Ltd now owns 6,766 shares of the transportation company’s stock valued at $745,000 after purchasing an additional 935 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of International Seaways by 9.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,058 shares of the transportation company’s stock valued at $557,000 after purchasing an additional 452 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors.

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.

Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.

International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.