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Lois K. Zabrocky, President and CEO of International Seaways, Inc. (NYSE:INSW), sold 2,000 shares of common stock on September 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $49.0793, for a total value of $98,158. Prices ranged from $48.5200 to $49.3000. The sale comes as the shipping company, currently valued at $2.4 billion, trades at a P/E ratio of 10x with a notable 6.75% dividend yield. According to InvestingPro analysis, the stock’s RSI indicates overbought territory.
Following the transaction, Zabrocky directly owns 188,771 shares of International Seaways.
The sale was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025.
In other recent news, International Seaways reported its Q2 2025 earnings, with adjusted earnings per share (EPS) of $1.02, which was slightly below analysts’ expectations of $1.04. However, the company managed to surpass revenue forecasts, bringing in $195.64 million compared to the anticipated $195.61 million. Additionally, International Seaways has placed $250 million of new senior unsecured bonds in the Nordic bond market. These bonds, set to mature in September 2030, carry a fixed coupon rate of 7.125% per annum, payable semi-annually. The company plans to list these bonds on the Oslo Stock Exchange. These developments reflect the company’s current financial activities and market engagements.
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