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

International Seaways, Inc. (NYSE:INSW – Get Rating) CAO James D. Small III sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $42.80, for a total value of $21,400.00. Following the sale, the chief accounting officer now directly owns 67,323 shares of the company’s stock, valued at $2,881,424.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

International Seaways Price Performance

Shares of NYSE:INSW opened at $40.72 on Friday. The company has a market capitalization of $2.00 billion, a P/E ratio of 5.22 and a beta of 0.04. The company’s 50-day moving average is $42.87 and its 200 day moving average is $39.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.49 and a current ratio of 2.50. International Seaways, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $53.25.

International Seaways (NYSE:INSW – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The transportation company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.84 by $0.37. International Seaways had a net margin of 44.86% and a return on equity of 29.13%. The business had revenue of $338.16 million for the quarter, compared to analyst estimates of $311.42 million. On average, equities research analysts forecast that International Seaways, Inc. will post 8.38 earnings per share for the current year.

International Seaways Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th will be paid a $2.00 dividend. This is an increase from International Seaways’s previous quarterly dividend of $1.12. The ex-dividend date is Monday, March 13th. This represents a $8.00 annualized dividend and a yield of 19.65%. International Seaways’s dividend payout ratio is presently 6.15%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on INSW shares. Jefferies Financial Group upped their price target on International Seaways from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. B. Riley upped their target price on shares of International Seaways from $60.00 to $70.00 in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of International Seaways from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Finally, StockNews.com initiated coverage on shares of International Seaways in a research report on Thursday. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $56.40.

Institutional Trading of International Seaways

A number of large investors have recently bought and sold shares of the company. Federated Hermes Inc. purchased a new position in shares of International Seaways during the 3rd quarter valued at $28,000. Point72 Hong Kong Ltd bought a new stake in International Seaways in the 3rd quarter valued at about $45,000. Coppell Advisory Solutions Corp. bought a new stake in International Seaways in the 4th quarter valued at about $46,000. Wells Fargo & Company MN lifted its holdings in International Seaways by 29.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,672 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 384 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in International Seaways during the fourth quarter worth about $74,000. 84.39% of the stock is owned by hedge funds and other institutional investors.

About International Seaways

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International Seaways, Inc engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers and Product Carriers. The Crude Tankers segment consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers segment focuses on crude and refined petroleum products.