James D. Small III Sells 500 Shares of International Seaways, Inc. (NYSE:INSW) Stock

International Seaways, Inc. (NYSE:INSW) CAO James D. Small III sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $47.97, for a total transaction of $23,985.00. Following the transaction, the chief accounting officer now owns 43,217 shares of the company’s stock, valued at approximately $2,073,119.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

International Seaways Trading Up 1.1 %

NYSE INSW opened at $46.59 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.52. The firm’s fifty day moving average price is $45.21 and its 200 day moving average price is $41.64. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 3.59 and a beta of 0.09. International Seaways, Inc. has a 12 month low of $33.04 and a 12 month high of $53.25.

International Seaways Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date of this dividend is Tuesday, December 12th. International Seaways’s dividend payout ratio is currently 3.70%.

Wall Street Analysts Forecast Growth

INSW has been the subject of several analyst reports. BTIG Research boosted their price target on shares of International Seaways from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. StockNews.com cut shares of International Seaways from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.20.

Institutional Trading of International Seaways

A number of large investors have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new stake in International Seaways during the 3rd quarter worth $877,000. Mercer Global Advisors Inc. ADV acquired a new stake in International Seaways during the 3rd quarter worth $264,000. Toroso Investments LLC boosted its stake in International Seaways by 7.0% during the 3rd quarter. Toroso Investments LLC now owns 9,730 shares of the transportation company’s stock worth $438,000 after purchasing an additional 634 shares during the period. The Manufacturers Life Insurance Company boosted its stake in International Seaways by 26.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 20,405 shares of the transportation company’s stock worth $918,000 after purchasing an additional 4,241 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in International Seaways by 106.0% during the 3rd quarter. GSA Capital Partners LLP now owns 30,079 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 15,478 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

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. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.