International Seaways (NYSE:INSW) SVP William Nugent Sells 9,583 Shares of Stock

International Seaways Inc. (NYSE:INSW) SVP William Nugent sold 9,583 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $76.00, for a total transaction of $728,308.00. Following the transaction, the senior vice president owned 52,572 shares of the company’s stock, valued at approximately $3,995,472. The trade was a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

International Seaways Stock Performance

NYSE:INSW opened at $75.38 on Thursday. The firm’s 50-day moving average is $59.44 and its 200-day moving average is $52.27. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 12.10 and a beta of -0.23. 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 Inc. has a 52-week low of $27.20 and a 52-week high of $78.51.

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

International Seaways Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, March 20th. International Seaways’s dividend payout ratio (DPR) is presently 7.70%.

International Seaways News Summary

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

• Positive Sentiment: Zacks upgraded INSW to a “Strong Buy” and highlighted the stock’s recent strength, boosting investor sentiment and likely supporting buying interest. Zacks Upgrade
• Positive Sentiment: Zacks also flagged INSW on a “Recent Price Strength” screen, reinforcing the narrative that momentum and analyst backing could sustain further gains. Zacks Momentum Note
• Positive Sentiment: Seeking Alpha published a bullish take highlighting INSW’s strong Q4: revenue and EPS beats, expanding operating margins and disciplined fleet/fuel management — factors that support higher earnings visibility and upside if tanker rates remain favorable. Seeking Alpha Article
• Negative Sentiment: Director Alexandra Kate Blankenship sold 4,000 shares at an average $75.69 (Mar 2), reducing her stake ~20.8%; insider sales can be viewed negatively by some investors. SEC Form 4 – Blankenship
• Negative Sentiment: SVP Derek G. Solon sold 6,000 shares at ~$75.41 (Mar 2), trimming his holding by ~10.5%; multiple insider sales may temper enthusiasm from some investors. SEC Form 4 – Solon
• Negative Sentiment: SVP William F. Nugent sold 9,583 shares at $76.00 (Mar 2), a ~15.4% reduction in his position; aggregated insider selling increases short-term downside risk if momentum fades. SEC Form 4 – Nugent

Institutional Investors Weigh In On International Seaways

A number of hedge funds have recently made changes to their positions in INSW. First Horizon Corp grew its stake in International Seaways by 121.6% during the fourth quarter. First Horizon Corp now owns 687 shares of the transportation company’s stock worth $33,000 after buying an additional 377 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of International Seaways by 99.5% in the 3rd quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock worth $35,000 after acquiring an additional 378 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of International Seaways in the 4th quarter worth approximately $44,000. Garton & Associates Financial Advisors LLC bought a new stake in International Seaways during the 4th quarter worth approximately $46,000. Finally, Founders Capital Management increased its holdings in International Seaways by 37.5% during the 4th quarter. Founders Capital Management now owns 1,100 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 67.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on INSW shares. Wall Street Zen downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Monday. BTIG Research lifted their price objective on International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Benchmark reiterated a “buy” rating on shares of International Seaways in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, International Seaways has an average rating of “Buy” and a consensus price target of $64.00.

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.