Jeffrey Pribor Sells 1,000 Shares of International Seaways (NYSE:INSW) Stock

International Seaways Inc. (NYSE:INSW) CFO Jeffrey Pribor sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $63.29, for a total transaction of $63,290.00. Following the completion of the transaction, the chief financial officer owned 83,463 shares of the company’s stock, valued at $5,282,373.27. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $55.68, for a total value of $55,680.00.
• On Monday, December 15th, Jeffrey Pribor sold 1,000 shares of International Seaways stock. The shares were sold at an average price of $48.26, for a total transaction of $48,260.00.

International Seaways Trading Up 2.6%

NYSE:INSW opened at $67.06 on Friday. The company has a market capitalization of $3.31 billion, a P/E ratio of 15.28 and a beta of -0.19. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. International Seaways Inc. has a 12 month low of $27.20 and a 12 month high of $67.45. The firm has a fifty day simple moving average of $55.18 and a 200-day simple moving average of $50.34.

Analysts Set New Price Targets

A number of research analysts have commented on INSW shares. Zacks Research cut shares of International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. BTIG Research lifted their target price on shares of International Seaways from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Pareto Securities upgraded International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, International Seaways currently has a consensus rating of “Moderate Buy” and an average target price of $60.67.

Institutional Investors Weigh In On International Seaways

A number of hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in International Seaways by 27.9% during the 4th quarter. Invesco Ltd. now owns 341,939 shares of the transportation company’s stock worth $16,601,000 after buying an additional 74,635 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of International Seaways by 41.4% during the 4th quarter. Mackenzie Financial Corp now owns 19,760 shares of the transportation company’s stock worth $954,000 after acquiring an additional 5,783 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of International Seaways by 416.1% during the 4th quarter. NewEdge Advisors LLC now owns 10,807 shares of the transportation company’s stock worth $525,000 after acquiring an additional 8,713 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in International Seaways during the fourth quarter worth approximately $46,000. Finally, Tudor Investment Corp ET AL acquired a new position in International Seaways in the fourth quarter valued at approximately $7,087,000. Institutional investors and hedge funds own 67.29% of the company’s stock.

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.