On October 15, 2024, Lois Zabrocky, President & CEO of International Seaways Inc (INSW, Financial), sold 2,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 153,475 shares of International Seaways Inc.
International Seaways Inc operates a fleet of tankers for the transportation of crude oil and petroleum products. The company is one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products.
Over the past year, the insider has sold a total of 42,000 shares and has not purchased any shares. This recent transaction is part of a broader trend where there have been 45 insider sells and no insider buys over the past year at International Seaways Inc.
Shares of International Seaways Inc were priced at $49.22 on the day of the sale. The company has a market cap of approximately $2.41 billion. The price-earnings ratio of the stock is 4.67, which is lower than the industry median of 11.13 and also below the company’s historical median.
The GF Value of the stock is $50.17, indicating a price-to-GF-Value ratio of 0.98. This suggests that International Seaways Inc is Fairly Valued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors, especially considering the company's valuation and stock performance metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
