Procore signs multi-year strategic collaboration agreement with AWS
William F. Nugent, Senior Vice President at International Seaways, Inc. (NYSE:INSW), recently sold 1,000 shares of the company’s common stock. The $1.72 billion market cap shipping company currently trades at an attractive P/E ratio of 4.1x and offers shareholders a substantial 14.75% dividend yield. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with the company maintaining a GREAT financial health score. The transaction, which took place on April 30, 2025, was executed at a price of $34.01 per share, amounting to a total value of $34,010. Following the sale, Nugent retains direct ownership of 61,752 shares in the company. For investors seeking deeper insights, InvestingPro offers additional exclusive tips and a comprehensive Pro Research Report analyzing the company’s fundamentals and growth prospects. The transaction was conducted under a Rule 10b5-1 trading plan, which Nugent had put in place on May 10, 2024.
In other recent news, International Seaways has expanded its collateral base by pledging two medium-range tankers as part of a $500 million revolving credit facility agreement. This move involves subsidiaries joining as guarantors, replacing a previously sold vessel, and is part of the company’s strategy to maintain a strong financial framework. Additionally, International Seaways has announced adjustments to executive compensation, including increased salaries and equity target opportunities for several top executives, effective retroactively from January 1, 2025. These changes were approved by the Human Resources and Compensation Committee of the Board of Directors.
In a separate development, Stifel analysts have adjusted the price target for International Seaways stock to $38.00 from $42.00, maintaining a Hold rating. The analysts acknowledged the company’s satisfactory quarterly performance and ongoing fleet optimization efforts, though they noted that results have not matched previous high performance levels. Despite the reduced price target, the analysts anticipate the company to maintain mid-cycle profitability and free cash flow. They also highlighted that the current share price reflects a pull-back, suggesting the stock might be undervalued relative to its net asset value.
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