International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 100,000 Shares of Company Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 100,000 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $114.97, for a total transaction of $11,497,000.00. Following the completion of the transaction, the insider owned 6,832,458 shares in the company, valued at $785,527,696.26. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 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 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 transaction of $7,810,348.14.
• 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 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 transaction 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.
• 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 Stock Performance

NYSE INSW traded down $3.12 during trading hours on Friday, hitting $109.99. The company had a trading volume of 844,082 shares, compared to its average volume of 807,338. 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. The company has a market cap 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 business has a 50 day moving average of $105.69 and a 200-day moving average of $91.08.

International Seaways (NYSE:INSW) last issued its quarterly earnings data 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 return on equity of 31.75% and a net margin of 61.98%. The company had revenue of $467.29 million for the quarter, compared to analyst estimates of $406.38 million. During the same quarter last year, the company posted $1.02 earnings per share. The business’s quarterly revenue was up 138.9% compared to the same quarter last year. As a group, equities research analysts expect 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 given a $5.05 dividend. 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. 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

Several research analysts have commented on INSW shares. Zacks Research raised International Seaways from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. BTIG Research increased 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. Weiss Ratings raised International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $107.00 target price on shares of International Seaways in a research report on Tuesday, September 1st. Finally, B. Riley Financial lifted their target price on shares of International Seaways from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, International Seaways has an average rating of “Buy” and a consensus price target of $109.80.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of INSW. BlackRock Inc. purchased a new stake in shares of International Seaways in the second quarter valued at about $505,153,000. Dimensional Fund Advisors LP boosted its stake in shares of International Seaways by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,024,755 shares of the transportation company’s stock worth $220,436,000 after buying an additional 52,743 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of International Seaways by 167.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 608,265 shares of the transportation company’s stock worth $44,330,000 after buying an additional 380,931 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of International Seaways by 7.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 414,688 shares of the transportation company’s stock worth $20,133,000 after buying an additional 27,818 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of International Seaways during the second quarter worth about $21,082,000. 67.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting International Seaways

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

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.