International Seaways Inc. (NYSE:INSW – Get Free Report) CAO James Small III sold 20,000 shares of International Seaways stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $75.37, for a total value of $1,507,400.00. Following the transaction, the chief accounting officer directly owned 36,376 shares in the company, valued at $2,741,659.12. The trade was a 35.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
International Seaways Trading Down 3.8%
Shares of INSW stock traded down $2.89 on Thursday, hitting $72.55. The company had a trading volume of 912,286 shares, compared to its average volume of 595,200. The firm has a market cap of $3.58 billion, a P/E ratio of 11.65 and a beta of -0.23. The stock’s 50-day moving average is $59.44 and its two-hundred day moving average is $52.27. 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 twelve month low of $27.20 and a twelve month high of $78.51.
International Seaways (NYSE:INSW – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The transportation company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.70. International Seaways had a return on equity of 13.92% and a net margin of 36.67%.The company had revenue of $267.88 million for the quarter, compared to analyst estimates of $245.29 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. On average, equities research analysts anticipate that International Seaways Inc. will post 7.77 earnings per share for the current fiscal year.
International Seaways Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. First Horizon Corp raised its holdings in shares of International Seaways by 121.6% in the 4th quarter. First Horizon Corp now owns 687 shares of the transportation company’s stock worth $33,000 after acquiring an additional 377 shares during the last quarter. Federated Hermes Inc. increased its holdings in International Seaways by 99.5% during the 3rd quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock worth $35,000 after purchasing an additional 378 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of International Seaways in the fourth quarter worth approximately $44,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of International Seaways in the fourth quarter worth approximately $46,000. Finally, Founders Capital Management lifted its holdings in shares of International Seaways by 37.5% in the fourth 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. 67.29% of the stock is currently owned by institutional investors and hedge funds.
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.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Monday. Pareto Securities raised International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, January 20th. BTIG Research upped their target price on International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wall Street Zen cut International Seaways from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a report on Thursday, January 22nd. 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 data from MarketBeat, International Seaways has an average rating of “Buy” and an average price target of $64.00.
Get Our Latest Analysis on INSW
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.
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