Have International Seaways Insiders Been Selling Stock?

We'd be surprised if International Seaways, Inc. (NYSE:INSW) shareholders haven't noticed that the Independent Director, A. Blankenship, recently sold US$246k worth of stock at US$49.17 per share. The eyebrow raising move amounted to a reduction of 24% in their holding.

Check out our latest analysis for International Seaways

The Last 12 Months Of Insider Transactions At International Seaways

The CFO, Senior VP & Treasurer, Jeffrey Pribor, made the biggest insider sale in the last 12 months. That single transaction was for US$2.2m worth of shares at a price of US$62.37 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$49.32. So it may not shed much light on insider confidence at current levels.

In the last year International Seaways insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of International Seaways

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.3% of International Seaways shares, worth about US$33m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The International Seaways Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing International Seaways. Case in point: We've spotted 3 warning signs for International Seaways you should be aware of, and 1 of them is a bit concerning.

But note: International Seaways may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.