International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 135,000 Shares of Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 135,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $87.48, for a total transaction of $11,809,800.00. Following the sale, the insider owned 7,333,320 shares of the company’s stock, valued at approximately $641,518,833.60. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock 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 stock was 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 shares were 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $112.12, for a total value of $1,697,048.32.
• On Wednesday, July 22nd, Finance Ltd Famatown sold 104,428 shares of International Seaways stock. The shares were sold at an average price of $90.54, for a total value of $9,454,911.12.

International Seaways Trading Down 2.8%

Shares of INSW traded down $3.12 during mid-day trading on Friday, hitting $109.99. 844,082 shares of the company’s stock traded hands, compared to its average volume of 807,338. The company has a quick ratio of 5.76, a current ratio of 5.94 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.45 billion, a P/E ratio of 7.03, a PEG ratio of 0.27 and a beta of -0.14. The business’s 50-day moving average price is $105.69 and its 200-day moving average price is $91.08. International Seaways Inc. has a 1 year low of $44.73 and a 1 year high of $126.27.

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

International Seaways Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a dividend of $5.05 per share. This represents a $20.20 dividend on an annualized basis and a yield of 18.4%. 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. International Seaways’s payout ratio is presently 129.16%.

Institutional Trading of International Seaways

A number of hedge funds have recently modified their holdings of INSW. Baird Financial Group Inc. grew its position in shares of International Seaways by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 248,506 shares of the transportation company’s stock worth $19,033,000 after buying an additional 11,835 shares during the period. NewEdge Wealth LLC increased its stake in shares of International Seaways by 43.1% in the 1st quarter. NewEdge Wealth LLC now owns 24,942 shares of the transportation company’s stock worth $1,818,000 after acquiring an additional 7,511 shares in the last quarter. Man Group plc purchased a new position in International Seaways during the 2nd quarter valued at about $867,000. Two Sigma Securities LLC purchased a new position in International Seaways during the 2nd quarter valued at about $507,000. Finally, Energy Income Partners LLC purchased a new position in International Seaways during the 2nd quarter valued at about $4,161,000. Institutional investors own 67.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on INSW shares. Jefferies Financial Group raised their target price on shares of International Seaways from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. B. Riley Financial boosted their price target on shares of International Seaways from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Weiss Ratings upgraded shares of International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Finally, BTIG Research raised their price objective on shares of International Seaways from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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

About International Seaways

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.