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 stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $47.97, for a total value of $23,985.00. Following the completion of the sale, the chief accounting officer now directly owns 43,217 shares of the company’s stock, valued at approximately $2,073,119.49. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

International Seaways Trading Up 1.1 %

Shares of International Seaways stock opened at $46.59 on Friday. The business has a fifty day simple moving average of $45.21 and a two-hundred day simple moving average of $41.64. International Seaways, Inc. has a 1 year low of $33.04 and a 1 year high of $53.25. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 3.59 and a beta of 0.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.52.

International Seaways Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BTIG Research increased their price objective on International Seaways from $45.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, September 28th. StockNews.com downgraded International Seaways from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INSW. Raymond James & Associates increased its position in International Seaways by 66.3% during the 1st quarter. Raymond James & Associates now owns 30,045 shares of the transportation company’s stock worth $542,000 after buying an additional 11,977 shares during the period. Natixis Advisors L.P. increased its position in International Seaways by 17.0% during the 1st quarter. Natixis Advisors L.P. now owns 49,006 shares of the transportation company’s stock worth $884,000 after buying an additional 7,125 shares during the period. BlackRock Inc. increased its position in International Seaways by 0.5% during the 1st quarter. BlackRock Inc. now owns 3,280,445 shares of the transportation company’s stock worth $59,180,000 after buying an additional 16,434 shares during the period. Dimensional Fund Advisors LP increased its position in International Seaways by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,838,288 shares of the transportation company’s stock worth $33,162,000 after buying an additional 136,964 shares during the period. Finally, Vanguard Group Inc. increased its position in International Seaways by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 3,465,109 shares of the transportation company’s stock worth $62,511,000 after buying an additional 64,562 shares during the period. Institutional investors 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.