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 company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $63.29, for a total value of $63,290.00. Following the transaction, the chief financial officer directly owned 83,463 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link.

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

International Seaways Stock Performance

International Seaways stock traded up $0.73 during mid-day trading on Wednesday, reaching $65.15. 672,294 shares of the company traded hands, compared to its average volume of 539,994. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.75. International Seaways Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $66.68. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 14.84 and a beta of -0.19. The firm’s fifty day moving average is $54.50 and its two-hundred day moving average is $50.12.

Institutional Investors Weigh In On International Seaways

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of International Seaways by 42.0% in the 1st quarter. Royal Bank of Canada now owns 9,365 shares of the transportation company’s stock valued at $311,000 after purchasing an additional 2,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in International Seaways by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,089 shares of the transportation company’s stock valued at $800,000 after purchasing an additional 900 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of International Seaways by 16.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 128,428 shares of the transportation company’s stock valued at $4,264,000 after buying an additional 18,509 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of International Seaways in the second quarter valued at approximately $273,000. Finally, CWM LLC raised its stake in shares of International Seaways by 149.4% during the 2nd quarter. CWM LLC now owns 13,327 shares of the transportation company’s stock worth $486,000 after buying an additional 7,983 shares during the period. 67.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on INSW. Zacks Research lowered shares of International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen cut 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 report on Thursday, January 22nd. Pareto Securities raised International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 20th. Finally, BTIG Research lifted their price objective on International Seaways from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. 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 data from MarketBeat.com, International Seaways presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.67.

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.