International Seaways (NYSE:INSW) Director Sells $198,679.00 in Stock

International Seaways Inc. (NYSE:INSW) Director Randee Day sold 2,635 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $75.40, for a total transaction of $198,679.00. Following the completion of the sale, the director directly owned 22,525 shares of the company’s stock, valued at approximately $1,698,385. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

International Seaways Stock Down 3.8%

INSW stock traded down $2.89 during mid-day trading on Thursday, reaching $72.55. The company had a trading volume of 912,286 shares, compared to its average volume of 595,200. The firm has a fifty day simple moving average of $59.44 and a 200 day simple moving average of $52.27. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 11.65 and a beta of -0.23. International Seaways Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $78.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.71 and a current ratio of 3.71.

International Seaways (NYSE:INSW) last released its quarterly earnings results on Thursday, February 26th. The transportation company reported $2.45 EPS for the quarter, beating the consensus estimate of $1.75 by $0.70. The firm had revenue of $267.88 million during the quarter, compared to the consensus estimate of $245.29 million. International Seaways had a net margin of 36.67% and a return on equity of 13.92%. International Seaways’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. Analysts forecast that International Seaways Inc. will post 7.77 earnings per share for the current fiscal year.

International Seaways Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, March 20th. International Seaways’s payout ratio is currently 7.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INSW shares. Benchmark reiterated a “buy” rating on shares of International Seaways in a research note on Thursday, February 26th. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Monday. Pareto Securities raised shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $64.00.

Institutional Trading of International Seaways

Several hedge funds and other institutional investors have recently bought and sold shares of INSW. Oregon Public Employees Retirement Fund increased its holdings in International Seaways by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,300 shares of the transportation company’s stock valued at $452,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in International Seaways by 1.7% during the third quarter. Arizona State Retirement System now owns 12,409 shares of the transportation company’s stock worth $572,000 after buying an additional 206 shares during the last quarter. ProShare Advisors LLC lifted its stake in International Seaways by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 7,825 shares of the transportation company’s stock valued at $380,000 after buying an additional 241 shares during the period. Evergreen Capital Management LLC grew its stake in shares of International Seaways by 2.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,832 shares of the transportation company’s stock valued at $453,000 after buying an additional 274 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in International Seaways by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 19,760 shares of the transportation company’s stock worth $959,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 67.29% of the company’s stock.

Key Stories Impacting International Seaways

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

• Positive Sentiment: Zacks upgraded INSW to a “Strong Buy” and flagged the name on a recent‑price‑strength screen, which can attract momentum buyers and support the rally. Read More.
• Positive Sentiment: Seeking Alpha published a bullish note highlighting INSW’s strong Q4 beat (revenue and EPS upside) and improved operating margins; the piece argues the company is positioned to capture upside if tanker rates remain firm. Read More.
• Neutral Sentiment: The board announced a small quarterly dividend ($0.12/share; record Mar 20, pay Mar 30) — a signal of cash returns but immaterial yield versus recent price moves. Read More.
• Neutral Sentiment: Institutional investors have been adjusting positions (several funds added shares), which supports liquidity and longer‑term interest but doesn’t preclude near‑term volatility. Read More.
• Negative Sentiment: Director Alexandra Kate Blankenship sold 4,000 shares at ~$75.69 on Mar 2 (≈20.8% reduction in her stake); disclosed in an SEC Form 4 filing. Read More.
• Negative Sentiment: SVP Derek G. Solon sold 6,000 shares at ~$75.41 on Mar 2 (≈10.5% reduction); another insider sale that can weigh on sentiment. Read More.
• Negative Sentiment: SVP William F. Nugent sold 9,583 shares at $76.00 on Mar 2 (≈15.4% reduction); the aggregation of multiple executive sales increases short‑term downside risk if momentum fades. Read More.

About International Seaways

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.