International Seaways CEO Zabrocky sells $77k in stock

International Seaways Inc . (NYSE:INSW) President and CEO Lois K. Zabrocky sold 2,000 shares of common stock on July 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $38.6185, for a total transaction value of $77,237. Prices ranged from $38.3500 to $39.0000. The company, currently valued at $1.89 billion, shows strong financial health with a 10.45% dividend yield and trades below its InvestingPro Fair Value.

Following the transaction, Zabrocky directly owns 192,771 shares of International Seaways.

The sale was executed under a Rule 10b5-1 trading plan adopted on May 10, 2024.

In other recent news, International Seaways Inc. reported its first-quarter 2025 earnings, revealing an adjusted net income of $40 million, or $0.80 per diluted share. This slightly missed the expected earnings per share of $0.81, although the company’s revenue surpassed forecasts, reaching $183.39 million against an anticipated $183.28 million. The company maintains a strong liquidity position with $673 million, bolstered by a strategic focus on fleet renewal and operational efficiency. With a net loan to value of 15% and a free cash flow of $56 million, International Seaways is positioned to leverage favorable market conditions. Analyst firms have not recently upgraded or downgraded the stock, but the company’s ongoing fleet renewal strategy indicates a commitment to maintaining a young fleet. During the earnings call, executives highlighted opportunities in fleet renewal and discussed market dynamics affecting VLCCs and Suezmaxes. The company remains committed to its dividend policy, distributing 75% of adjusted net income. Additionally, International Seaways has provided guidance for upcoming quarters, with EPS forecasts ranging from $0.91 to $2.26 over the next four quarters.

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