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 International Seaways stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $63.29, for a total transaction of $63,290.00. Following the completion of the sale, the chief financial officer owned 83,463 shares in the company, valued at approximately $5,282,373.27. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Pribor also recently made the following trade(s):

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

International Seaways Price Performance

NYSE:INSW traded up $0.73 during trading hours on Wednesday, hitting $65.15. 672,294 shares of the stock were exchanged, compared to its average volume of 539,994. The firm’s fifty day moving average price is $54.50 and its 200 day moving average price is $50.12. International Seaways Inc. has a 52-week low of $27.20 and a 52-week high of $66.68. The company has a market cap of $3.22 billion, a P/E ratio of 14.84 and a beta of -0.19. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

INSW has been the subject of several research reports. Wall Street Zen cut shares of International Seaways from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. BTIG Research boosted their target price on International Seaways from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Zacks Research lowered International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. Finally, Pareto Securities upgraded International Seaways from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.

Institutional Trading of International Seaways

Several institutional investors have recently made changes to their positions in INSW. First Horizon Corp grew its position in International Seaways by 121.6% in the fourth 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 period. Federated Hermes Inc. increased its position in shares of 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 during the last quarter. Leonteq Securities AG purchased a new stake in International Seaways in the 4th quarter valued at about $44,000. Garton & Associates Financial Advisors LLC purchased a new stake in International Seaways in the 4th quarter valued at about $46,000. Finally, Founders Capital Management lifted its position in 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 buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 67.29% of the company’s stock.

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.