On September 12, 2024, Director Alexandra Blankenship sold 5,000 shares of International Seaways Inc (INSW, Financial) at a price of $49.17 per share. The transaction, detailed in the SEC Filing, resulted in a total sale amount of $245,850. Following this transaction, the insider now owns 16,109 shares of the company.
International Seaways Inc, a prominent tanker company, engages in the transportation of crude oil and petroleum products. The company operates a fleet of vessels globally, providing essential services in the oil transportation sector.
Over the past year, the insider has sold a total of 11,000 shares and has not made any purchases. This recent sale is part of a broader trend observed at International Seaways Inc, where there have been 46 insider sells and no insider buys over the past year.
Shares of International Seaways Inc were trading at $49.17 on the day of the sale, giving the company a market cap of approximately $2.426 billion. The price-earnings ratio of the stock stands at 4.70, which is lower than both the industry median of 10.405 and the company's historical median.
According to the GF Value, the intrinsic value estimate for International Seaways Inc is $50.32 per share, making the stock fairly valued with a price-to-GF-Value ratio of 0.98. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation metrics in the context of its historical performance and industry standards.
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.
