International Seaways, Inc. (NYSE:INSW – Get Free Report) CEO Lois K. Zabrocky sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $34.66, for a total value of $69,320.00. Following the transaction, the chief executive officer now directly owns 179,557 shares of the company’s stock, valued at approximately $6,223,445.62. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
International Seaways Stock Down 0.7 %
Shares of International Seaways stock traded down $0.25 on Tuesday, reaching $34.31. The company’s stock had a trading volume of 550,447 shares, compared to its average volume of 680,645. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.32. International Seaways, Inc. has a 52 week low of $31.70 and a 52 week high of $65.94. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 3.31 and a beta of -0.17. The firm’s fifty day simple moving average is $37.28 and its two-hundred day simple moving average is $41.66.
International Seaways Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, March 14th. International Seaways’s payout ratio is currently 5.72%.
Institutional Trading of International Seaways
Analyst Ratings Changes
A number of analysts have commented on INSW shares. SEB Equity Research set a $50.00 target price on International Seaways in a report on Friday, January 24th. Jefferies Financial Group reissued a “buy” rating and issued a $58.00 target price on shares of International Seaways in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.50.
Read Our Latest Report on INSW
International Seaways Company Profile
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.
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