Alexandra Kate Blankenship Sells 4,000 Shares of International Seaways (NYSE:INSW) Stock

International Seaways Inc. (NYSE:INSW) Director Alexandra Kate Blankenship sold 4,000 shares of International Seaways stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $75.69, for a total transaction of $302,760.00. Following the transaction, the director directly owned 15,213 shares in the company, valued at $1,151,471.97. This trade represents a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

International Seaways Price Performance

Shares of International Seaways stock opened at $72.55 on Friday. International Seaways Inc. has a 52-week low of $27.20 and a 52-week high of $78.51. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 11.65 and a beta of -0.23. The company has a fifty day moving average of $59.93 and a 200-day moving average of $52.41. 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 (NYSE:INSW) last issued its earnings results on Thursday, February 26th. The transportation company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.70. The company had revenue of $267.88 million for the quarter, compared to analysts’ expectations of $245.29 million. International Seaways had a net margin of 36.67% and a return on equity of 13.92%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Equities research analysts expect that International Seaways Inc. will post 7.77 EPS for the current year.

International Seaways Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 20th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 20th. International Seaways’s payout ratio is 7.70%.

Institutional Investors Weigh In On International Seaways

A number of large investors have recently made changes to their positions in INSW. Pacer Advisors Inc. lifted its stake in International Seaways by 4,255.3% in the third quarter. Pacer Advisors Inc. now owns 197,380 shares of the transportation company’s stock worth $9,095,000 after acquiring an additional 192,848 shares during the period. Marex Group plc purchased a new position in International Seaways during the 2nd quarter valued at $4,276,000. Denali Advisors LLC increased its position in International Seaways by 94.3% during the 3rd quarter. Denali Advisors LLC now owns 48,774 shares of the transportation company’s stock valued at $2,248,000 after purchasing an additional 23,674 shares during the period. Creative Planning raised its holdings in International Seaways by 270.9% in the 2nd quarter. Creative Planning now owns 30,981 shares of the transportation company’s stock worth $1,130,000 after purchasing an additional 22,628 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of International Seaways by 151.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,332 shares of the transportation company’s stock worth $2,780,000 after purchasing an additional 36,337 shares during the period. 67.29% of the stock is currently owned by institutional investors.

International Seaways News Roundup

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-strength screen, supporting buying interest from momentum investors. Read More.
• Positive Sentiment: Seeking Alpha published a bullish analysis highlighting INSW’s Q4 beat (revenue and EPS above estimates), expanded operating margins and disciplined fleet/fuel management — factors that improve earnings visibility if tanker rates remain firm. Read More.
• Neutral Sentiment: The company declared a modest quarterly dividend (record Mar 20, pay Mar 30; $0.12/share), which is a signal of cash return but immaterial yield versus recent price moves. Read More.
• Neutral Sentiment: Institutional ownership remains high and some funds increased positions recently, providing liquidity and longer‑term support even as short‑term flows fluctuate. Read More.
• Negative Sentiment: CAO James D. Small III sold 20,000 shares at an average ~$75.37 on Mar 4 — a large insider sale that can be perceived negatively by the market. Read More.
• Negative Sentiment: Senior officers and directors executed multiple sales (examples): William F. Nugent sold 9,583 shares at $76.00, Derek G. Solon sold 6,000 shares at ~$75.41, Alexandra K. Blankenship sold 4,000 shares at ~$75.69, and Randee E. Day sold 2,635 shares — aggregated insider selling this week likely pressured sentiment. Read More. • Read More. • Read More. • Read More.

Analysts Set New Price Targets

INSW has been the topic of several recent research reports. Wall Street Zen lowered International Seaways from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Zacks Research raised International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. BTIG Research upped their price target on shares of International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Pareto Securities raised shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, International Seaways presently has a consensus rating of “Buy” and an average 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.