International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 104,428 Shares of Company Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 104,428 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $90.54, for a total value of $9,454,911.12. Following the transaction, the insider owned 7,149,594 shares in the company, valued at $647,324,240.76. This represents a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Finance Ltd Famatown also recently made the following trade(s):

• On Thursday, October 8th, Finance Ltd Famatown sold 200 shares of International Seaways stock. The shares were sold at an average price of $118.50, for a total value of $23,700.00.
• On Wednesday, October 7th, Finance Ltd Famatown sold 61,216 shares of International Seaways stock. The shares were sold at an average price of $117.08, for a total value of $7,167,169.28.
• On Tuesday, October 6th, Finance Ltd Famatown sold 66,738 shares of International Seaways stock. The stock was sold at an average price of $117.03, for a total value of $7,810,348.14.
• On Monday, October 5th, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The stock was sold at an average price of $114.97, for a total value of $11,497,000.00.
• On Tuesday, September 22nd, Finance Ltd Famatown sold 102,000 shares of International Seaways stock. The shares were sold at an average price of $111.82, for a total value of $11,405,640.00.
• On Monday, September 21st, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The shares were sold at an average price of $111.09, for a total value of $11,109,000.00.
• On Friday, September 18th, Finance Ltd Famatown sold 15,136 shares of International Seaways stock. The shares were sold at an average price of $112.12, for a total transaction of $1,697,048.32.

International Seaways Price Performance

International Seaways stock traded down $3.12 during trading on Friday, reaching $109.99. The company had a trading volume of 844,082 shares, compared to its average volume of 807,338. The firm has a market capitalization of $5.45 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.27 and a beta of -0.14. The firm’s 50-day simple moving average is $105.69 and its 200 day simple moving average is $91.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.76 and a current ratio of 5.94. International Seaways Inc. has a 1-year low of $44.73 and a 1-year high of $126.27.

International Seaways (NYSE:INSW) last posted its quarterly earnings data on Monday, August 10th. The transportation company reported $5.91 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.36. The company had revenue of $467.29 million during the quarter, compared to analysts’ expectations of $406.38 million. International Seaways had a net margin of 61.98% and a return on equity of 31.75%. The firm’s revenue for the quarter was up 138.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share. As a group, equities research analysts anticipate that International Seaways Inc. will post 17.08 earnings per share for the current fiscal year.

International Seaways Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a dividend of $5.05 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is an increase from International Seaways’s previous quarterly dividend of $0.12. This represents a $20.20 dividend on an annualized basis and a dividend yield of 18.4%. International Seaways’s payout ratio is currently 129.16%.

Analyst Ratings Changes

INSW has been the topic of several research reports. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. BTIG Research raised their target price on International Seaways from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Weiss Ratings upgraded International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Jefferies Financial Group boosted their price target on shares of International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $107.00 price objective on shares of International Seaways in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $109.80.

International Seaways News Summary

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: Fleet expansion announced: International Seaways agreed to acquire Bruton Limited in transactions valuing the target at approximately $370 million. The deal would add four VLCC vessels, including newbuildings, expanding INSW’s crude-oil tanker capacity and potentially increasing future revenue and cash flow. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
• Positive Sentiment: Analyst price-target increase: B. Riley raised its target for INSW to $140, signaling continued confidence in the company’s earnings outlook and tanker-sector prospects. B. Riley lifts target for International Seaways stock to USD 140
• Positive Sentiment: Preliminary third-quarter update: INSW reported preliminary third-quarter net income and revenue and provided earnings guidance ahead of its scheduled November 5 results release. The update gives investors additional visibility into operating performance. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
• Neutral Sentiment: Results date scheduled: International Seaways will release full third-quarter 2026 results before the market opens on November 5, followed by an investor conference call. International Seaways to Announce Third Quarter 2026 Results
• Negative Sentiment: Major shareholder continues selling: Finance Ltd Famatown disclosed sales totaling roughly 228,000 INSW shares from October 5–8 at average prices of about $115–$119, reducing its holdings by approximately 3.3% over those transactions. Although the shareholder still owns more than 6.7 million shares, the repeated selling can raise concerns about near-term supply and insider confidence. SEC ownership filing

Institutional Trading of International Seaways

Institutional investors have recently made changes to their positions in the company. Mather Group LLC. raised its position in International Seaways by 100.0% in the third quarter. Mather Group LLC. now owns 400 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 200 shares during the period. Ifrah Financial Services Inc. acquired a new position in International Seaways in the 3rd quarter valued at about $347,000. Contravisory Investment Management Inc. increased its stake in International Seaways by 9.2% during the third quarter. Contravisory Investment Management Inc. now owns 5,459 shares of the transportation company’s stock worth $601,000 after purchasing an additional 460 shares during the period. Perpetual Ltd increased its stake in International Seaways by 16.0% during the 3rd quarter. Perpetual Ltd now owns 6,766 shares of the transportation company’s stock worth $745,000 after buying an additional 935 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in International Seaways by 9.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,058 shares of the transportation company’s stock worth $557,000 after buying an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 67.29% of the company’s stock.

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.

Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.

International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.