Senior Vice President William Nugent of International Seaways Inc (INSW, Financial) sold 1,000 shares of the company on September 30, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 52,803 shares of the company.
International Seaways Inc, a leading global provider of energy transportation services for crude oil and petroleum products, has seen a significant amount of insider selling over the past year, with 47 insider sales and no insider buys. Over the past year, William Nugent has sold a total of 5,000 shares and has not purchased any shares.
On the day of the sale, shares of International Seaways Inc were trading at $51.24. The company has a market cap of approximately $2.53 billion. The price-earnings ratio of the stock is 4.90, which is lower than the industry median of 11.11.
The GF Value of International Seaways Inc is $50.46, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.02. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors and company valuation metrics to gauge market sentiment and potential future stock movements.
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.
