International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 35,250 Shares of Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 35,250 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $85.08, for a total transaction of $2,999,070.00. Following the completion of the sale, the insider directly owned 7,468,320 shares in the company, valued at approximately $635,404,665.60. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 transaction 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 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 shares were sold at an average price of $111.82, for a total transaction 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 transaction of $9,454,911.12.

International Seaways Price Performance

NYSE:INSW traded down $3.12 during trading hours on Friday, reaching $109.99. 844,082 shares of the company were exchanged, compared to its average volume of 807,338. The business has a 50 day moving average of $105.69 and a 200 day moving average of $91.08. International Seaways Inc. has a 1-year low of $44.73 and a 1-year high of $126.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.94 and a quick ratio of 5.76. The company has a market capitalization of $5.45 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.27 and a beta of -0.14.

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

International Seaways Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $5.05 dividend. The ex-dividend date was Thursday, September 10th. This is a positive change from International Seaways’s previous quarterly dividend of $0.12. This represents a $20.20 annualized dividend and a yield of 18.4%. International Seaways’s dividend payout ratio (DPR) is presently 129.16%.

Hedge Funds Weigh In On International Seaways

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INSW. EverSource Wealth Advisors LLC raised its holdings in International Seaways by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,169 shares of the transportation company’s stock valued at $85,000 after acquiring an additional 118 shares during the period. Allworth Financial LP lifted its position in shares of International Seaways by 23.4% during the second quarter. Allworth Financial LP now owns 623 shares of the transportation company’s stock worth $48,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of International Seaways by 4.0% in the second quarter. GAMMA Investing LLC now owns 4,606 shares of the transportation company’s stock worth $353,000 after acquiring an additional 178 shares during the period. Mather Group LLC. boosted its holdings in shares of International Seaways by 100.0% in the third quarter. Mather Group LLC. now owns 400 shares of the transportation company’s stock worth $44,000 after acquiring an additional 200 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of International Seaways by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,074 shares of the transportation company’s stock worth $151,000 after acquiring an additional 292 shares during the period. Institutional investors own 67.29% of the company’s stock.

International Seaways News Roundup

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

Analyst Ratings Changes

A number of research analysts recently weighed in on INSW shares. Jefferies Financial Group upped their price target on International Seaways from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Zacks Research raised International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. BTIG Research boosted their price objective on International Seaways from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $107.00 price objective on shares of International Seaways in a report on Tuesday, September 1st. Finally, B. Riley Financial upped their target price on International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $109.80.

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.