On September 16, 2024, Lois Zabrocky, President & Chief Executive Officer of International Seaways Inc (INSW, Financial), sold 2,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 155,475 shares of International Seaways Inc.
International Seaways Inc (INSW, Financial) is a prominent global provider of energy transportation services for crude oil and petroleum products. The company operates a fleet of vessels that includes VLCCs, Suezmaxes, Aframaxes/LR2s, Panamaxes/LR1s, and MR tankers, serving the international flag markets.
Over the past year, Lois Zabrocky has sold a total of 41,000 shares and has not purchased any shares of the company. This recent sale is part of a broader trend observed within the company, where there have been 46 insider sells and no insider buys over the past year.
On the day of the sale, shares of International Seaways Inc were trading at $50.3. This pricing gives the company a market cap of approximately $2.51 billion. The price-earnings ratio of the stock stands at 4.86, which is below the industry median of 10.53.
According to the GF Value, the intrinsic value estimate for International Seaways Inc is $50.37 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of company performance and valuation perspectives.
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.
