Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Revealing a significant insider sell on June 11, Jeffrey Pribor, SVP at International Seaways (NYSE:INSW), as per the latest SEC filing.
What Happened: Pribor's recent move involves selling 35,000 shares of International Seaways. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value is $2,183,076.
The latest market snapshot at Wednesday morning reveals International Seaways shares up by 1.24%, trading at $59.65.
Get to Know International Seaways Better International Seaways Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.
International Seaways's Financial Performance Negative Revenue Trend: Examining International Seaways's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -4.43% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics: Unlocking Value
- Gross Margin: Achieving a high gross margin of 60.77%, the company performs well in terms of cost management and profitability within its sector.
- Earnings per Share (EPS): International Seaways's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 2.95.
Valuation Metrics: A Closer Look
- Price to Earnings (P/E) Ratio: International Seaways's P/E ratio of 5.67 is below the industry average, suggesting the stock may be undervalued.
- Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.83 as compared to the industry average, the stock might be considered overvalued based on sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): International Seaways's EV/EBITDA ratio, lower than industry averages at 4.82, indicates attractively priced shares.
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Illuminating the Importance of Insider Transactions Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
Breaking Down the Significance of Transaction Codes Examining transactions, investors often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of International Seaways's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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