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 International Seaways stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $117.03, for a total value of $7,810,348.14. Following the transaction, the insider owned 6,765,720 shares in the company, valued at $791,792,211.60. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 value 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 value 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 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 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 transaction of $9,454,911.12.

International Seaways Stock Performance

International Seaways stock traded down $1.26 during midday trading on Friday, hitting $111.85. The stock had a trading volume of 150,199 shares, compared to its average volume of 606,217. The firm’s fifty day moving average is $105.33 and its two-hundred day moving average is $90.94. The company has a market capitalization of $5.54 billion, a PE ratio of 7.16, a P/E/G ratio of 0.29 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. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27.

International Seaways (NYSE:INSW) last released its 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 net margin of 61.98% and a return on equity of 31.75%. The company had revenue of $467.29 million for the quarter, compared to analysts’ expectations of $406.38 million. During the same quarter last year, the business earned $1.02 EPS. The firm’s revenue was up 138.9% compared to the same quarter last year. On average, research analysts forecast that International Seaways Inc. will post 17.08 EPS for the current year.

International Seaways Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $5.05 dividend. This represents a $20.20 dividend on an annualized basis and a dividend yield of 18.1%. This is a boost from International Seaways’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, September 10th. International Seaways’s dividend payout ratio is currently 129.16%.

Institutional Investors Weigh In On International Seaways

Several institutional investors have recently modified their holdings of INSW. Quantbot Technologies LP bought a new stake in shares of International Seaways in the 2nd quarter valued at approximately $28,000. Mather Group LLC. increased its position in shares of International Seaways by 100.0% during the 3rd 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 last quarter. Rockefeller Capital Management L.P. increased its position in shares of International Seaways by 583.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 822 shares during the last quarter. Allworth Financial LP purchased a new stake in International Seaways during the 2nd quarter valued at $48,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in International Seaways during the 2nd quarter valued at $66,000. 67.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

INSW has been the topic of a number of analyst reports. Zacks Research upgraded shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Weiss Ratings upgraded International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. B. Riley Financial increased their price target on International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $107.00 price target on shares of International Seaways in a report on Tuesday, September 1st. Finally, Jefferies Financial Group boosted their price objective on International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $109.80.

Trending Headlines about International Seaways

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

• Positive Sentiment: Strategic Bruton acquisition expands the VLCC fleet. International Seaways agreed to acquire a 50.5% stake in Bruton Limited in transactions valuing the target at approximately $370 million. The combination would add four very large crude carriers, including newbuildings, strengthening INSW’s long-term fleet capacity and exposure to crude-oil transportation demand. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
• Positive Sentiment: Analyst price-target increase provides additional support. B. Riley raised its target for International Seaways to $140, signaling continued confidence in the company’s earnings outlook and tanker-market fundamentals. B. Riley lifts target for International Seaways stock to USD 140.00
• Neutral Sentiment: Third-quarter updates are approaching. INSW has provided preliminary third-quarter net income and revenue information and scheduled its full earnings release for November 5, 2026. Investors may look for further details on tanker rates, cash flow, acquisition funding and the outlook. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
• Negative Sentiment: Major shareholder Famatown Finance continued reducing its position. SEC filings show sales totaling roughly 230,000 shares from October 5–8 at prices between $114.97 and $118.50, following additional sales in September. Although Famatown still owns more than 6.7 million shares, repeated insider-level selling can weigh on sentiment and raise concerns about supply overhang.

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.