Senior Vice President William Nugent executed a sale of 1,000 shares of International Seaways Inc (INSW, Financial) on October 31, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 51,803 shares of the company.
International Seaways Inc, a prominent player in the global oil and gas shipping industry, operates a fleet of vessels for the transportation of crude oil and petroleum products. The company's strategic management and operational efficiency have positioned it as a key entity in the maritime sector.
Over the past year, William Nugent has sold a total of 6,000 shares of the company and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 44 insider sells and no insider buys over the past year.
Shares of International Seaways Inc were priced at $43.05 on the day of the transaction. The company currently holds a market cap of $2.143 billion. The price-earnings ratio of the stock stands at 4.15, which is lower than both the industry median of 10.955 and the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $49.75, suggesting that International Seaways Inc is modestly undervalued with a price-to-GF-Value ratio of 0.87.
The insider transaction trends and the GF Value are critical indicators for investors monitoring the stock's performance and valuation. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by a senior executive at International Seaways Inc provides insight into insider sentiment and may influence investor perception regarding the stock's future trajectory.
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.
