International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 66,738 Shares of Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 66,738 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $117.03, for a total transaction of $7,810,348.14. Following the sale, the insider owned 6,765,720 shares of the company’s stock, valued at $791,792,211.60. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 shares were sold at an average price of $118.50, for a total transaction of $23,700.00.
• On Wednesday, October 7th, Finance Ltd Famatown sold 61,216 shares of International Seaways stock. The stock was sold at an average price of $117.08, for a total transaction of $7,167,169.28.
• 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 transaction 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 shares were sold at an average price of $111.09, for a total transaction 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 stock was sold at an average price of $90.54, for a total value of $9,454,911.12.

International Seaways Stock Performance

NYSE INSW traded down $3.12 on Friday, hitting $109.99. 844,082 shares of the company traded hands, compared to its average volume of 807,338. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $105.69 and its 200-day moving average price is $91.08. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.27 and a beta of -0.14. International Seaways Inc. has a 52-week low of $44.73 and a 52-week high of $126.27.

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

International Seaways Increases Dividend

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

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

Institutional Trading of International Seaways

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INSW shares. Weiss Ratings raised shares of International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. B. Riley Financial upped their price target on shares of International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. BTIG Research increased their price objective on shares of International Seaways from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Zacks Research upgraded shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $107.00 target price on shares of International Seaways in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.