International Seaways (NYSE:INSW) Stock: Insider Alexandra Kate Blankenship Sells 4,000 Shares

International Seaways Inc. (NYSE:INSW) Director Alexandra Blankenship sold 4,000 shares of the business’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $104.54, for a total value of $418,160.00. Following the completion of the sale, the director directly owned 8,055 shares in the company, valued at $842,069.70. This trade represents a 33.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

International Seaways Stock Up 0.4%

Shares of NYSE:INSW traded up $0.43 on Friday, hitting $105.08. 399,405 shares of the company traded hands, compared to its average volume of 849,859. International Seaways Inc. has a 52 week low of $46.09 and a 52 week high of $126.27. The company has a quick ratio of 6.53, a current ratio of 6.69 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $108.78 and a 200-day simple moving average of $87.68. The company has a market cap of $5.38 billion, a PE ratio of 4.98, a PEG ratio of 0.18 and a beta of -0.10.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Thursday, November 5th. The transportation company reported $5.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.09 by ($0.25). International Seaways had a return on equity of 40.81% and a net margin of 68.19%. The company had revenue of $483.20 million during the quarter, compared to analysts’ expectations of $349.50 million. During the same period in the prior year, the firm earned $1.15 EPS. International Seaways’s revenue for the quarter was up 146.0% compared to the same quarter last year. As a group, research analysts expect that International Seaways Inc. will post 27.24 earnings per share for the current year.

International Seaways Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Wednesday, December 9th will be paid a $5.05 dividend. This represents a $20.20 annualized dividend and a dividend yield of 19.2%. The ex-dividend date is Wednesday, December 9th. International Seaways’s dividend payout ratio is currently 95.64%.

Analyst Ratings Changes

INSW has been the topic of a number of recent analyst reports. BTIG Research increased their price target 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. Wall Street Zen upgraded shares of International Seaways from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Zacks Research lowered shares of International Seaways from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 5th. Jefferies Financial Group upped their price objective on International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank reiterated a “buy” rating and set a $107.00 target price on shares of International Seaways in a research note on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.80.

Hedge Funds Weigh In On International Seaways

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of International Seaways during the second quarter valued at approximately $505,153,000. Dimensional Fund Advisors LP grew its position in International Seaways by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,024,755 shares of the transportation company’s stock worth $220,436,000 after purchasing an additional 52,743 shares during the period. First Trust Advisors LP grew its position in International Seaways by 148.9% in the 3rd quarter. First Trust Advisors LP now owns 543,653 shares of the transportation company’s stock worth $59,878,000 after purchasing an additional 325,225 shares during the period. Arrowstreet Capital Limited Partnership grew its position in International Seaways by 167.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 608,265 shares of the transportation company’s stock worth $44,330,000 after purchasing an additional 380,931 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in International Seaways by 51.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 285,205 shares of the transportation company’s stock valued at $31,412,000 after buying an additional 96,488 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.

International Seaways Company Profile

International Seaways, Inc. is an international owner and operator of oceangoing tanker vessels. The company transports crude oil and refined petroleum products for energy companies and other customers. Its fleet includes crude-oil tankers and product carriers that serve global shipping routes, connecting oil-producing regions with refineries and end markets. International Seaways also uses commercial arrangements such as vessel pools and charter contracts to market its ships. The company became an independent publicly traded business in 2016 after being spun off from Overseas Shipholding Group.