SG Americas Securities LLC Sells Shares of International Seaways,
January 30, 2023
Trending News ☀️
Shares of International Seaways ($NYSE:INSW), Inc. were recently sold by SG Americas Securities LLC. International Seaways, Inc. is an integrated shipping company that provides international seaborne transportation services for crude oil, petroleum products and liquefied natural gas across the world. The company owns and operates a fleet of product tankers, crude oil tankers and liquefied natural gas carriers. They also own and operate a number of other vessels including offshore support vessels, shuttle tankers, barges and container ships. International Seaways is a publicly traded company listed on the New York Stock Exchange under the ticker symbol “INSW”. The company has a market capitalization of over $2 billion and has achieved significant growth over the past few years. The sale of International Seaways’ shares by SG Americas Securities LLC is likely to have a positive impact on the company’s share price in the short term. Investors are likely to take advantage of the opportunity to invest in a successful international shipping company with an attractive growth outlook.
In addition, the sale could provide an opportunity for existing shareholders to realize gains if they choose to sell their shares as well.
Stock Price
The news seemed to have a positive effect on the stock, as it opened at $37.7 and closed at $38.5, a jump of 1.9% from its previous closing price of $37.7. It owns and operates a fleet of vessels that serve the transportation needs of customers around the world, including crude oil tankers, product tankers, container vessels and drybulk carriers. The company’s vessels are among the most technologically advanced and fuel efficient in the world. The company’s primary focus is on delivering superior customer service to its global customers, while maximizing returns for its shareholders. Its experienced management team and highly skilled employees are committed to creating value for their customers and shareholders. International Seaways also offers a wide range of services to its customers, including chartering vessel services, providing marine logistics services and operating bunkering operations.
Overall, news coverage of International Seaways has been mostly positive so far. Investors are encouraged by the company’s strong performance and long-term prospects for growth. While there is no guarantee of future success, the stock appears to be in a strong position to continue to appreciate in value in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for International Seaways. More…
| Total Revenues | Net Income | Net Margin |
| 621.18 | 135.32 | 21.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for International Seaways. More…
| Operations | Investing | Financing |
| 79.04 | 69.17 | -105.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for International Seaways. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.46k | 1.13k | 27.09 |
Key Ratios Snapshot
Some of the financial key ratios for International Seaways are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.9% | 84.0% | 30.4% |
| FCF Margin | ROE | ROA |
| -7.0% | 9.2% | 4.8% |
VI Analysis
INTERNATIONAL SEAWAYS is a strong growth company, with medium ratings in asset, dividend and profitability. According to the VI Star Chart, it is classified as a ‘cheetah’ company, which means that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are interested in growth companies with good potential but are aware of the risks of investing in such companies may be interested in INTERNATIONAL SEAWAYS. With an intermediate health score of 5/10 considering its cashflows and debt, it might be able to safely ride out any crisis without the risk of bankruptcy. However, it is important to note that the company’s fundamentals reflect its long term potential, and that investors should do their own research before investing. Investors should also consider the company’s financial statements, such as its income statement and balance sheet, to get a better understanding of its financial health and prospects. Investing in INTERNATIONAL SEAWAYS may be a good choice for investors who are looking for potential gains, but who are also aware of the risks involved. The VI app can help investors make informed decisions by providing simplified analysis of the company’s fundamentals. More…
VI Peers
The shipping industry is highly competitive, with International Seaways Inc competing against TORM PLC, Euronav NV, and Overseas Shipholding Group Inc. All four companies are major players in the industry, with a strong presence in the market. International Seaways Inc has a strong fleet of vessels and a strong financial position, which gives it a competitive advantage in the market.
– TORM PLC ($NASDAQ:TRMD)
SSE PLC is a British energy company headquartered in Perth, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a market capitalisation of £2.45 billion as of May 2021 and a return on equity of 7.59% as of March 2021.
SSE PLC is an integrated energy company with operations in electricity generation, transmission, distribution and supply, as well as gas storage and distribution. The company’s customer base includes domestic and commercial customers, as well as industrial and power generation customers. SSE PLC is one of the “Big Six” energy suppliers in the United Kingdom.
– Euronav NV ($NYSE:EURN)
Euronav NV is a Belgium-based company engaged in the maritime transportation sector. The Company owns and operates a fleet of very large crude carriers (VLCCs), which are used to transport crude oil, as well as a number of product and chemical tankers. As of December 31, 2014, the Company’s VLCC fleet consisted of 32 vessels with a deadweight tonnage (DWT) of 9.7 million each. The Company operates its vessels through time charters, voyage charters and pool arrangements. The Company is also engaged in the crude oil tanker market through its investment in Tanker Investments Ltd. (TiL), which owns a VLCC and an Aframax.
– Overseas Shipholding Group Inc ($NYSE:OSG)
Overseas Shipholding Group, Inc. is one of the world’s leading energy transportation companies. They operate a modern fleet of tankers and product carriers that serve the crude oil and refined petroleum product shipping industries. The company is publicly traded on the New York Stock Exchange and is a member of the S&P 500 Index.
Summary
International Seaways, Inc. is an attractive investment opportunity for those interested in the shipping industry. The stock has seen a positive price movement so far this year and has been recently boosted by SG Americas Securities LLC selling a large number of shares. Analysts are bullish on the stock, citing its strong financials and steady growth. The company has a strong balance sheet with healthy liquidity and low debt, which indicates that it is well-positioned to weather any downturns in the industry.
Additionally, it has a diversified fleet that allows it to capitalize on market trends and adapt quickly to changing conditions. With a well-supported dividend and a strong outlook, International Seaways is an attractive option for investors seeking long-term growth.
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